Oregon Statutes 285B.476 – Application of law to revenue bonds; proceeds; maximum duration of loans
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(1) ORS § 285B.350 to 285B.362 and 285B.368 apply to revenue bonds issued under ORS § 285B.467 to 285B.479.
Terms Used In Oregon Statutes 285B.476
- Contract: A legal written agreement that becomes binding when signed.
(2) The proceeds of revenue bonds issued and sold under ORS § 285B.467 to 285B.479 shall be deposited in the Special Public Works Fund and used for the payment of a loan to a municipality for a development project and costs of issuing the revenue bonds.
(3) A loan made with money derived from the sale of revenue bonds under this section shall be made as other loans under ORS § 285B.419 to 285B.437 and 285B.449 are made, except that the loan contract shall set forth a schedule of payments that may not exceed the usable life of the contracted project. [Formerly 285.747; 2003 c.773 § 48; 2005 c.835 § 18]