Oregon Statutes 286A.796 – Definitions for ORS 286A.796 to 286A.806
As used in ORS § 286A.796 to 286A.806:
Terms Used In Oregon Statutes 286A.796
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(1) ‘Article XI-P bonds’ means general obligation bonds issued under the authority of Article XI-P of the Oregon Constitution.
(2) ‘Bond-related costs’ means:
(a) The costs of paying the principal of, the interest on and the premium, if any, on Article XI-P bonds.
(b) The costs and expenses of issuing, administering and maintaining Article XI-P bonds including, but not limited to, the costs and expenses of:
(A) Redeeming Article XI-P bonds.
(B) Paying amounts due in connection with credit enhancement devices or agreements for exchange of interest rates.
(C) Paying the fees, administrative costs and expenses of the State Treasurer, the Oregon Department of Administrative Services and the Department of Education, including the costs of consultants or advisors retained by the State Treasurer, the Oregon Department of Administrative Services or the Department of Education for the Article XI-P bonds.
(c) The costs of funding reserves for the Article XI-P bonds.
(d) Capitalized interest for the Article XI-P bonds.
(e) Rebates or penalties due to the United States in connection with the Article XI-P bonds.
(f) Any other costs or expenses that the State Treasurer, the Oregon Department of Administrative Services or the Department of Education determines are necessary or desirable in connection with issuing and maintaining the Article XI-P bonds.
(3) ‘Capital costs’ means costs of land and of other assets having a useful life of more than one year, including costs associated with acquisition, construction, improvement, remodeling, furnishing, equipping, maintenance or repair. [2011 c.699 § 1]