Oregon Statutes 470.240 – General obligation bonds to include promise to pay principal amount
All general obligation bonds issued under ORS § 470.220 to 470.290 and Article XI-J of the Oregon Constitution shall contain a direct promise of the State of Oregon to pay the principal amount of the bonds, plus any accrued interest and any redemption premium. The principal of and the interest and redemption premium, if any, upon the bonds, when due, shall be paid at the fiscal agency of the State of Oregon. The charges imposed by that agency for its services shall be paid, upon approval by the State Treasurer, from the Small Scale Local Energy Project Administration and Bond Sinking Fund. [1979 c.672 § 19; 1993 c.496 § 5; 2005 c.201 § 10; 2009 c.753 § 69]
Terms Used In Oregon Statutes 470.240
- 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.
- Small scale local energy project: means any of the following:
(a) A system, mechanism or series of mechanisms located primarily in Oregon that directly or indirectly uses or enables the use of, by the applicant or another person, renewable resources including, but not limited to, solar, wind, geothermal, biomass, waste heat or water resources to produce energy, including heat, electricity and substitute fuels, to meet a local community or regional energy need in this state. See Oregon Statutes 470.050
[1979 c.672 § 20; 1981 c.50 § 6; 1987 c.158 § 102; 2003 c.186 § 70; repealed by 2005 c.201 § 14]
[1979 c.672 § 23; 1981 c.50 § 7; 2003 c.186 § 71; repealed by 2005 c.201 § 14]