2011 ORS § 351.455¹
Deposit of proceeds of Article XI-F(1) and Article XI-G bonds in subaccount

(1) Proceeds of bonds issued pursuant to Article XI-F(1) of the Oregon Constitution and interest earnings on those proceeds shall be deposited in the appropriate subaccount of the account designated by ORS 351.450 (Account for net proceeds of Article XI-F(1) and Article XI-G bonds) and expended for the purposes described in Article XI-F(1) of the Oregon Constitution, including payment of costs related to issuing those bonds and debt service on those bonds.

(2) Proceeds of bonds issued pursuant to Article XI-G of the Oregon Constitution for the Oregon University System and interest earnings on those proceeds shall be deposited in the appropriate subaccount of the account designated by ORS 351.450 (Account for net proceeds of Article XI-F(1) and Article XI-G bonds) and expended for the purposes described in Article XI-G of the Oregon Constitution, including payment of costs related to issuing those bonds and debt service on those bonds. [1991 c.647 §4; reenacted by 1993 c.538 §3; 1995 c.110 §3; 2007 c.783 §151; 2009 c.762 §11; 2011 c.2 §7]

Note: 351.455 (Deposit of proceeds of Article XI-F(1) and Article XI-G bonds in subaccount) was made a part of ORS chapter 351 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.