Oregon Statutes 287A.380 – Tax levy to pay maturing general obligation advance refunding bonds
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(1) Pursuant to ORS § 287A.140, a public body shall levy taxes to pay the maturing interest and principal of advance refunding bonds that are general obligation bonds.
Terms Used In Oregon Statutes 287A.380
- 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.
- public body: means state government bodies, local government bodies and special government bodies. See Oregon Statutes 174.109
(2) Notwithstanding ORS § 287A.140 or any other provision of law, a public body may not cause a tax to be levied to pay the maturing interest and principal of general obligation bonds that have been defeased as described in ORS § 287A.195 (2), unless the amounts held to defease the bonds are insufficient. [2007 c.783 § 59]
WARRANTS AND CHECKS; INTEREST; UNCLAIMED WARRANTS AND CHECKS; MASTER WARRANTS