(1) Except as otherwise provided in this section, a joint water and sanitary authority possesses all the duties, functions and powers granted to water authorities and to sanitary authorities under ORS § 450.600 to 450.989.

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(2) Revenue bonds issued by a joint water and sanitary authority shall be issued as prescribed in ORS Chapter 287A. [1993 c.577 § 10; 2007 c.783 § 186]