Section 530.606 – Creation of authority; modification; dissolution.
(1) Upon the written request of three individuals or upon its own motion, the governing body of a municipality may create a community forest authority for the purpose of financing community forestlands. (2) The governing body of a municipality may create a community forest authority by ordinance or resolution adopted following a public hearing held […]
Section 530.608 – Board of directors of authority; officers; terms; rules.
(1) The governing body of a municipality that creates a community forest authority under ORS 530.606 shall appoint a board of directors containing not fewer than five nor more than 11 directors to manage and control the authority. At least one-third of the directors must represent conservation interests. At least one-third of the directors must […]
Section 530.610 – Levy of taxes prohibited.
A community forest authority created under ORS 530.606 does not have the power or authority to levy taxes. [2005 c.500 §6] Note: See note under 530.600.
Section 530.612 – Powers of authority.
Except as otherwise provided in ORS 530.610, a community forest authority shall have the power necessary to accomplish the purpose of financing community forestlands under ORS 530.600 to 530.628, including the power to: (1) Sue and be sued in its own name. (2) Enter into agreements relating to the operation of community forestlands upon terms […]
Section 530.614 – Authorization to issue bonds or other obligations; method of issuance.
(1) To accomplish its purposes, a community forest authority created under ORS 530.606 may issue revenue bonds or other revenue obligations payable from the revenues derived from the repayment of loans to nonprofit corporations whose purpose is to own and operate community forestlands. The issuance of revenue bonds or other revenue obligations is governed by […]
Section 530.616 – Authorization to borrow moneys or to issue, sell and assume bond anticipation notes.
A community forest authority created under ORS 530.606 may borrow from banks, investment banks or other lenders sums of money on terms that the board deems necessary or advisable. An authority may also issue, sell and assume bond anticipation notes or the equivalent that bear a date, mature at a time, be in denominations and […]
Section 530.618 – Effect of bonds or other obligations on municipality.
Revenue bonds and other revenue obligations of a community forest authority created under ORS 530.606 are not a general obligation of the municipality nor a charge upon the tax revenues of the municipality. [2005 c.500 §10] Note: See note under 530.600.
Section 530.620 – Loan repayment.
The board of directors of a community forest authority created under ORS 530.606 shall establish loan repayment terms and other charges at least adequate to pay the principal of and interest on the obligations of the authority as the same become due, including payments to a special fund or funds, together with the financing and […]
Section 530.480 – Legal descriptions of lands; resolutions of State Land Board and State Board of Forestry.
As the Common School Forest Lands are determined as required by ORS 530.450 to 530.520, such lands shall be described by legal subdivision. The State Land Board and the State Board of Forestry, respectively in their regular meetings, shall by separate board resolutions designate and set aside such lands as a part of the Common […]
Section 530.622 – Authorities may act jointly; limits on acquisition of forestlands.
(1) The powers and responsibilities provided in ORS 530.600 to 530.628 may be exercised and discharged by two or more community forest authorities acting jointly to effectuate the purposes of ORS 530.600 to 530.628. In addition, one or more community forest authorities may authorize by resolution, ordinance or agreement the issuance of revenue bonds or […]