Chapter 555 — Reclamation Projects; Sand Control
ORS 555.528 Authority to issue general obligation bonds
The district may not issue, or have outstanding at any time, general obligation bonds in a principal amount that exceeds:
Five percent of the real market value of the taxable property in the district, calculated as provided in ORS 308.207, if the district has a population of less than 100 individuals within its boundaries; or
10 percent of the real market value of the taxable property in the district, calculated as provided in ORS 308.207, if the district has a population of 100 or more individuals within its boundaries.
Bonds issued under this section must mature within 30 years from the date of issuance.
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Provenance
2025 Oregon Revised Statutes — official online source
Official online edition
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- oregonlegislature.gov
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Version history
Earlier statutory text is available in an ingested published ORS edition.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source2023 Oregon Revised Statutes · active · operative text
Official source