Oregon Statutes 285B.344 – Issuance of bonds
(1) At the request of the Oregon Business Development Department, the State Treasurer may issue under ORS § 285B.320 to 285B.371 and ORS Chapter 286A bonds secured by revenues from an eligible project or from other financing sources to finance or refinance in whole or part an eligible project and bond-related costs, including capitalized interest. The bonds must be identified by eligible project. Refunding bonds may be issued to refinance the bonds.
Terms Used In Oregon Statutes 285B.344
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Trustee: A person or institution holding and administering property in trust.
(2) The department or the State Treasurer may appoint bond counsel as prescribed under ORS § 286A.130.
(3) Any escrow agent, bond registrar, paying agent or trustee, if any, designated to carry out all or part of the powers specified in ORS § 285B.335 must agree to furnish financial statements and audit reports for each bond issue. [Formerly 285.350; 1999 c.509 § 36; 2001 c.536 § 1; 2003 c.167 § 13; 2003 c.794 § 240; 2007 c.783 § 99; 2009 c.830 § 90; 2012 c.59 § 3]
[Formerly 285.355; 1999 c.509 § 37; repealed by 2007 c.783 § 234]