ORS 350.680
Revenue bonds

  • issuance
  • trust funds
  • pledge
  • terms
  • legal effect

(1)

Revenue bonds shall be payable solely from that portion of education facility revenues which the municipality pledges therefor in the resolution authorizing issuance of revenue bonds.

(2)

A municipality may authorize the issuance of revenue bonds by resolution or nonemergency ordinance under the procedure described in ORS 287A.150 (Authority of public body to issue revenue bonds).

(3)

The resolution may provide for the establishment of one or more special funds and may place such funds under the control of one or more trustees. The resolution may obligate the municipality to deposit and expend the proceeds of the revenue bonds only into and from such fund or funds, and to set aside and pay into such fund or funds specified education facility revenues.

(4)

Any pledge of education facility revenues made by a municipality shall be valid and binding, without physical delivery or additional action, from the time that the pledge is made against any parties having subsequent claims of any kind in tort, contract or otherwise against a municipality or an educational institution, irrespective of whether such parties have actual notice thereof. The pledge shall be noted in the resolution authorizing issuance of revenue bonds, which shall be constructive notice thereof to all parties and the resolution need not be recorded, nor shall the filing of any financing statement under the Uniform Commercial Code be required to perfect such pledge.

(5)

The municipality may establish the terms under which its revenue bonds shall be issued and sold.

(6)

All revenue bonds issued pursuant to ORS 350.665 (Definitions for ORS 350.665 to 350.695) to 350.695 (Investment of revenues) shall be legal securities which may be used by any insured institution or trust company, as those terms are defined in ORS 706.008 (Additional definitions for Bank Act), for deposit with the State Treasurer or a county treasurer or city treasurer as security for deposits in lieu of a surety bond under any law relating to deposits of public moneys. The revenue bond shall constitute legal investments for public bodies, trustees and other fiduciaries, banks, savings and loan associations and insurance companies. All revenue bonds shall constitute negotiable instruments within the meaning of and for all purposes of the law of this state. [Formerly 352.805]

Source: Section 350.680 — Revenue bonds; issuance; trust funds; pledge; terms; legal effect, https://www.­oregonlegislature.­gov/bills_laws/ors/ors350.­html.

350.001
Legislative findings
350.005
Additional findings
350.009
Fundamental goals of public higher education
350.014
Mission of education beyond high school
350.018
Educational attainment goals for adult Oregonians not currently enrolled in academic programs
350.050
Higher Education Coordinating Commission
350.055
Qualifications of members
350.060
Officers
350.065
Executive director
350.070
Advisory and technical committees
350.075
Powers, duties and functions
350.080
Ability of Higher Education Coordinating Commission to accept and deposit moneys or property and to apply for funds
350.085
Mission statements and academic programs of public universities
350.090
Biennial funding request
350.095
Budgetary items in funding request
350.100
Implementation of diverse educator recruitment plans
350.105
Report on capital construction projects
350.110
Coordination between Higher Education Coordinating Commission, public universities, community college districts and independent for-profit and not-for-profit institutions of higher education
350.115
Regional services institutes
350.120
Program purpose and function
350.125
Report on competency-based education
350.130
Enrollment and graduation rate of Oregon high school students at post-secondary institutions of education
350.150
Office to function under Higher Education Coordinating Commission
350.155
Office of Community Colleges and Workforce Development Account
350.160
Director of the Office of Community Colleges and Workforce Development
350.165
Advanced Technology Education and Training Fund
350.170
Advanced technology education and training grants and loans
350.175
Certificates for passing approved high school equivalency tests
350.200
Prohibition on requiring prospective students to disclose prior criminal convictions when applying
350.203
Parental identification on institution forms
350.205
Display of mandatory enrollment fees
350.208
Display of estimated cost of required course materials and course fees
350.240
Eligibility of various students to receive financial aid from Higher Education Coordinating Commission
350.245
Ballot drop sites and voter registration procedures at schools of higher education
350.250
Students unable because of religious beliefs to attend classes on certain days
350.253
Written policies on sexual harassment, sexual assault, domestic violence, dating violence and stalking
350.255
Written sexual assault protocol
350.257
Limitations on investigations involving sexual assault, domestic violence or stalking
350.259
Written policy on hazing
350.260
Student journalists
350.262
Benefits navigator
350.265
Armed Forces recruitment on campuses
350.270
Priority enrollment system for active or former member of Armed Forces or qualified dependent of former member
350.272
Prohibited actions related to access to personal social media accounts
350.274
Cause of action for violation of ORS 350.272
350.276
Definitions for ORS 350.278 and 350.280
350.278
Disclosure of Social Security number of student attending public university
350.280
Disclosure of Social Security number of community college student
350.282
Action for disclosure of Social Security number
350.285
Waiver of tuition for family members of deceased or disabled veterans or children of Purple Heart recipients
350.287
Continuing resident tuition and fees for spouses or dependent children of active members of Armed Forces
350.290
Resident tuition and fees for nonresident students who served, or who are dependents of someone who served, in Armed Forces or international position
350.292
Resident tuition and fees for Native American or Alaska Native students
350.295
Annual report on reduced tuition rate and tuition waiver recipients
350.300
Waiver of tuition and fees for foster child
350.305
Number and graduation rate of current and former foster children enrolled at community colleges and public universities
350.350
“Public institution of higher education” defined for ORS 350.355 and 350.360
350.355
Health care benefits for part-time faculty
350.357
Part-Time Faculty Insurance Fund
350.360
Review of employees at public institutions of higher education
350.370
Requirements for classification as post-doctoral scholar position
350.375
Cultural competency requirements at public universities and community colleges
350.379
Use of apprentices, minority individuals and women in qualified contracts
350.395
Transfer Student Bill of Rights and Responsibilities
350.400
Establishment of foundational curricula
350.404
Unified statewide transfer agreements
350.408
Community college obligations when informed that enrolled student intends to pursue bachelor’s degree
350.412
Role of Higher Education Coordinating Commission in facilitating foundational curricula and unified statewide transfer agreements
350.417
Academic credit for advanced placement (AP) exam or International Baccalaureate (IB) program
350.420
Accelerated college credit programs
350.423
Adoption of common course numbering system
350.426
Transfer Council
350.429
Transfer Council responsibilities
350.432
Developmental educational requirements
350.500
Forestry Education Council
350.505
Qualifications of members of Forestry Education Council
350.510
Administration of Forestry Education Council
350.515
Criteria and measurements for investments in professional forestry education
350.520
Public University Fund subaccount for professional forestry education
350.525
No obligation to fund subaccount
350.530
Review of allocations by President of Oregon State University
350.540
Venture grant program
350.545
University venture development funds
350.550
Purposes of funds
350.600
Legislative findings
350.605
Public purpose to encourage and increase opportunities in independent higher education
350.610
Policies and practices of state agencies and Higher Education Coordinating Commission
350.615
State financial aid for students
350.620
State policies to enhance and encourage independent higher education
350.630
Legislative findings
350.635
Definitions for ORS 350.630 to 350.655
350.640
Contracts with independent institutions for nonsectarian and nonreligious educational services
350.645
Computation of payments under contracts
350.650
Rules
350.655
Severability
350.665
Definitions for ORS 350.665 to 350.695
350.670
Finance of education facilities by municipalities
350.675
Powers of municipality
350.680
Revenue bonds
350.685
Revenue bonds secured by education facility revenues
350.690
Municipalities acting jointly
350.695
Investment of revenues
350.750
Nonresident tuition in post-secondary educational institutions
350.755
Interstate agreements
350.770
Western Regional Higher Education Compact ratified
350.775
Compact provisions
350.780
Effective time of compact
350.785
Commission members
350.790
Authority to take action to achieve ends of compact
350.795
Contracts to furnish out-of-state educational service to Oregon students
350.800
Selection of Oregon residents to receive out-of-state educational service
350.805
Contracts to furnish educational service in Oregon public universities to out-of-state students
350.810
Effect of registering to vote on student eligibility to participate in Western Undergraduate Exchange
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