2013 ORS § 294.040¹
Restriction on investments under ORS 294.035

The bonds listed in ORS 294.035 (Investment of surplus funds of political subdivisions) (3)(a) to (c) may be purchased only if there has been no default in payment of either the principal of or the interest on the obligations of the issuing county, port, school district or city, for a period of five years next preceding the date of the investment. [Amended by 1995 c.245 §3; 2005 c.443 §21]