Chapter 450 — Sanitary Districts and Authorities; Water Authorities
ORS 450.115 Use of proceeds of bond sale
The proceeds of the sale of bonds shall be paid to the district. The proceeds shall be used for the purpose indicated in the order calling for election upon the question of the issuance of the bonds, and for no other purpose. However, if those purposes are entirely fulfilled, any remaining proceeds shall be used for payment of the principal and interest of the bonds.
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2025 Oregon Revised Statutes — official online source
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2025 Oregon Revised Statutes — official online source