Terms Used In Oregon Statutes > Chapter 287A > Refunding Bonds

• Advance refunding bond: means a bond all or part of the proceeds of which are to be used to pay an outstanding bond one year or more after the advance refunding bond is issued. See Oregon Statutes 287A.001
• Bond: means a contractual undertaking or instrument of a public body to repay borrowed moneys. See Oregon Statutes 287A.001
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Forward current refunding: means execution and delivery of a purchase agreement or similar instrument under which a public body contracts to sell current refunding bonds for delivery at a future date that is one year or more after execution of the purchase agreement or similar instrument. See Oregon Statutes 287A.001
• 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.
• public body: means state government bodies, local government bodies and special government bodies. See Oregon Statutes 174.109
• Revenue: means all fees, tolls, excise taxes, assessments, property taxes and other taxes, rates, charges, rentals and other income or receipts derived by a public body or to which a public body is entitled. See Oregon Statutes 287A.001
• Statute: A law passed by a legislature.
• United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100