ORS 383.245 Bond form, issuance and maturity; provisions subject to determination of State Treasurer
(1)
A tollway project revenue bond issued under ORS 383.200:
(a)
Must contain on its face a statement that the ad valorem taxing power of this
state is not pledged to the payment of the principal or the interest on the bond.
(b)
Shall be issued as provided in ORS chapter 286A.
(c)
Must mature on or before a date determined by calculation of the expected economic life of the improvements, assets and projects financed with the proceeds of the bond.
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Provenance
2023 Oregon Revised Statutes
Official online edition
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- oregonlegislature.gov
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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 source2023 Oregon Revised Statutes · active · operative text
Official source