Oregon Statutes 470.620 – Bond pledges; trustees
The bonds issued by the State Treasurer under ORS § 470.610 and the energy revenue bond declaration may:
Terms Used In Oregon Statutes 470.620
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- Director: means the Director of the State Department of Energy appointed under ORS § 469. See Oregon Statutes 470.050
- Loan: includes the purchase or other acquisition of evidence of indebtedness and money used for the purchase or other acquisition of evidence of indebtedness. See Oregon Statutes 470.050
- Trustee: A person or institution holding and administering property in trust.
(1) Pledge all or any part of the fees received by the State Department of Energy under ORS § 470.655 and all or any part of the moneys received in payment of energy efficiency and sustainable technology loans and small scale local energy program loans that are funded with revenue from bonds issued under ORS § 470.610, interest on those amounts and other moneys credited to the Energy Project Bond Loan Fund.
(2) Pledge any moneys, loans or grants received from the federal government, this state or any city, county or political subdivision of this state for payment of revenue bonds issued under ORS § 470.610.
(3) Vest in a trustee appointed by the Director of the State Department of Energy and approved by the State Treasurer such property, rights, powers and duties in trust as the director may determine. [2009 c.753 § 24]
(Program Loans)