(1) If a municipality fails to comply with a contract entered into under ORS § 285B.410 to 285B.482, the Oregon Business Development Department may seek appropriate legal remedies to secure any repayment due the Special Public Works Fund. If any municipality defaults on payments due to the Special Public Works Fund under ORS § 285B.410 to 285B.482, the State of Oregon may withhold any amounts otherwise due to the municipality to apply to the indebtedness. The department may waive this right to withhold.

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Oregon Statutes 285B.449

  • Contract: A legal written agreement that becomes binding when signed.

(2) Moneys withheld under subsection (1) of this section shall be deposited in the Special Public Works Fund and shall be used to repay any account in the fund from which funds were expended to pay obligations upon which the municipality defaulted. [Formerly 285.727; 2009 c.830 § 101]

 

[Formerly 285.730; 2001 c.883 § 31b; 2003 c.773 § 40; repealed by 2005 c.835 § 37]

 

  Previous section
Next section  
 Assistance from Special Public Works Fund Contents