Oregon Statutes 286A.056 – Cancellation or postponement of scheduled issuance of bonds
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(1) If the State Treasurer or Director of the Oregon Department of Administrative Services determines that the treasurer or director will cancel or postpone an issuance of general obligation bonds or lottery bonds that was authorized by law and previously scheduled, the treasurer or director shall provide written notice to the President of the Senate, the Speaker of the House of Representatives and the Legislative Fiscal Officer.
Terms Used In Oregon Statutes 286A.056
- 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.
(2) The treasurer or director shall provide the notice not later than 30 days after the date the issuance of the bonds was scheduled. [2012 c.107 § 3]