Except as otherwise provided in the operative documents, the Housing and Community Services Department may acquire outstanding bonds issued on behalf of the department, as provided in ORS § 286A.123 (1), out of moneys described in ORS § 286A.123 (3) or other moneys of the department legally available for the purpose under ORS § 456.515 to 456.725. If the outstanding bonds are redeemable at the time of acquisition, the department must pay a reasonable price that does not exceed the applicable redemption price plus accrued interest to the date of redemption. [1973 c.828 § 18; 1995 c.79 § 262; 2009 c.537 § 10]