Oregon Law
Law as of Jan 1, 2026
Chapter contents
289.005Definitions for ORS chapter 289 289.010Findings; purpose 289.100Oregon Facilities Authority; members; qualifications; term 289.105Official action to undertake project 289.110Duties and powers with respect to projects 289.115Functions 289.120Limitation on manner of operating project and expenditure of funds 289.125Rules; fees 289.130Oregon Facilities Authority Account 289.200Issuance of revenue bonds; role of State Treasurer; role of Oregon Facilities Authority; fees 289.205Expenses of State Treasurer 289.210Refunding bonds 289.215Validity of bonds not affected by other matters regarding project 289.220Covenants regarding bond issuance 289.225Sources of bond repayment restricted; recitations in bonds 289.230Actions by bondholders to enforce rights 289.235Loan of bond proceeds for projects; state not required to have ownership or leasehold interest 289.240Report of bonding activities; rules 289.250Limitation on income tax exemption for interest on revenue bonds

Chapter 289 — Oregon Facilities Financing

ORS 289.105 Official action to undertake project

The undertaking of any eligible project must be requested by official action of the participating institution taken at a regular or duly called special meeting thereof by the affirmative vote of a majority of the members of the institution’s board of directors.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Earlier statutory text is available in an ingested published ORS edition.