Oregon Statutes 530.140 – Forest development revenue bonds
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(1) The State Board of Forestry may request the State Treasurer to sell revenue bonds of the State of Oregon, to be known as Oregon forest development revenue bonds, in an amount authorized under ORS § 286A.035. The bonds shall not constitute a general obligation of the state, nor be a lien on any of the lands acquired by the state under ORS § 530.010.
Terms Used In Oregon Statutes 530.140
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
(2) The bonds shall bear interest at a rate to be determined by the State Treasurer. [Amended by 1957 c.83 § 16; 2007 c.783 § 213a]