ORS 778.160
Borrowing in anticipation of bond sale

  • bond anticipation notes
  • content
  • sale

(1)

The Port of Portland shall have the power, at any time and from time to time after the issuance of bonds under ORS 778.145 (Issuance of revenue bonds) to 778.175 (Effect of ORS 778.145 to 778.175) have been authorized, to borrow money for the purposes for which such bonds are to be issued in anticipation of the receipt of the proceeds of the sale of such bonds and within the authorized maximum amount of such bond issue.

(2)

Bond anticipation notes shall be issued for all moneys so borrowed under the provisions of this section. Such notes may be issued for a period not exceeding one year and may be renewed from time to time for periods of not exceeding one year, but each such note, including renewals, shall mature and be paid not later than the fifth anniversary of the date the original note was issued. Such notes shall be authorized by ordinance of the board and shall be in such denomination or denominations, shall bear interest at such rate or rates approved by the board, shall be in such form and shall be executed in such manner, all as the board shall prescribe. Such notes may be sold at public or private sale in the manner and at such price or prices as the board shall determine, provided that if such notes be renewal notes, they may be exchanged for notes then outstanding on such terms as the board shall determine. [1971 c.546 §5]

Source: Section 778.160 — Borrowing in anticipation of bond sale; bond anticipation notes; content; sale, https://www.­oregonlegislature.­gov/bills_laws/ors/ors778.­html.

778.005
Definitions 778.008
Port of Portland granted powers of ports formed under ORS chapter 777 778.010
District known as Port of Portland 778.015
Purposes and general powers of port 778.016
Best value standards for Port of Portland contracts and space leases 778.020
Acquisition of City of Portland property by port 778.025
Power to engage in certain commercial activities 778.030
Power to issue general obligation bonds 778.036
Issuance of bonds 778.040
General obligation bond issues to be approved by electors 778.045
Amount of general obligation bonds issued in one year limited 778.060
Expenditure of bond sale funds for operating expenses limited 778.065
Port taxing power 778.068
Filing boundary change with county assessor and Department of Revenue 778.070
Tax levy 778.073
Recreational facilities 778.085
Control over port waters and wharf lines 778.090
Rights of riparian owners and owners of moorage facilities 778.095
Eminent domain power 778.100
Reclamation of lands within port limits 778.105
Port required to contract for work and materials 778.110
Personnel 778.115
Improvement contracts with federal government 778.120
Operation of chapter upon rights of other entities within port limits 778.125
Port assistance to other governmental units within port boundaries 778.145
Issuance of revenue bonds 778.150
Ordinance authorizing revenue bonds 778.155
Form and content of bonds 778.160
Borrowing in anticipation of bond sale 778.165
Sale of revenue bonds 778.170
Bonds as obligations of political subdivision 778.175
Effect of ORS 778.145 to 778.175 778.205
Board of commissioners 778.210
Qualifications of members 778.215
Appointment 778.220
Removal 778.225
Meetings 778.230
Board officers 778.235
Causes of vacancies 778.255
Enactment of port ordinances 778.260
Ordinances for regulating use of port properties 778.270
Initiative and referendum procedures 778.990
Penalties
Green check means up to date. Up to date

Current through early 2024

§ 778.160’s source at oregon​.gov