Chapter 223 — Local Improvements and Works Generally
ORS 223.730 Application of proceeds from sale of bonds
The proceeds from the sale of bonds issued under ORS 223.725 shall be applied as follows:
The amount provided under ORS 223.705 to be rebonded shall be placed to the credit of the improvement bond sinking fund. Thereafter, as soon as practicable and in so far as possible, there shall be called and paid an equivalent amount of the bonds originally issued and so refunded by new applications to pay in installments.
The balance of the proceeds of the sale shall be placed to the credit of the improvement bond interest fund.
Official sources · 1Tap to view provenance and version history
Provenance
2025 Oregon Revised Statutes — official online source
Official online edition
- Source
- oregonlegislature.gov
- SHA-256
4908f82c…b1bd24d4- Review
- auto verified
Version history
Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source