ORS 268.600
Issuance of revenue bonds

  • use of proceeds
  • status of bonds
For the purpose of carrying into effect all or any of the powers granted to metropolitan service districts, a district may from time to time issue and sell revenue bonds without the necessity of the electors of a district authorizing the bonds. Proceeds from the sale of such bonds may be used to cover the costs incurred in issuing such bonds, and preliminary work incident to carrying out such purposes and powers, including but not limited to planning, engineering, inspection, accounting, fiscal, legal and trustee expenses, the costs of issuance of bonds, engraving, printing, advertising and other similar expenses, and to pay interest on the outstanding bonds issued for any project during the period of actual construction and for such period thereafter as a district may determine, and to establish, maintain or increase any reserves for debt service on the bonds. Such revenue bonds shall not in any manner or to any extent be a general obligation of a district nor a charge upon any other revenues or property of a district not specifically pledged thereto. A district may issue revenue bonds pursuant to ORS 268.600 (Issuance of revenue bonds) to 268.660 (Effect of ORS 268.600 to 268.660) for the purpose of financing landfills, transfer facilities, resource recovery facilities and other improvements, facilities and equipment necessary or desirable for the solid and liquid waste disposal system of the district regardless of whether such improvements, facilities or equipment are to be owned by the district or any other public or private agency or person and regardless of whether such improvements, facilities or equipment are to be located within or without the district. In connection with the issuance of revenue bonds to finance any such improvements, facilities or equipment which are to be owned by any other public or private agency or person, the district shall enter into a lease-purchase, installment sale or loan agreement with such public or private agency or person providing for lease-purchase, installment sale or loan payments which, together with other revenues pledged for the payment of such revenue bonds as provided in ORS 268.610 (Ordinance authorizing revenue bonds), shall be sufficient to pay when due the principal of, premium, if any, and interest on such revenue bonds. [1977 c.95 §9; 1987 c.623 §1]

Source: Section 268.600 — Issuance of revenue bonds; use of proceeds; status of bonds, https://www.­oregonlegislature.­gov/bills_laws/ors/ors268.­html.

268.010
Short title 268.020
Definitions 268.030
Purpose of chapter 268.040
Exemption from public utility regulation 268.060
Costs of elections 268.220
Employees’ rights when district assumes a function of another public corporation, city or county 268.230
District to protect employees’ rights when an operating public transportation system is acquired 268.240
PERS membership for specified classes of district employees 268.300
Existence, status and general powers of district 268.310
Powers of district 268.313
Acquisition or construction of major facility 268.315
Authority of district to levy ad valorem tax 268.317
Solid and liquid waste disposal powers 268.318
District approval required for disposal, transfer or resource recovery site or facility 268.319
Reuse and recycling of electronic products 268.320
Elector approval of district actions 268.330
Powers when providing local aspects of service 268.340
Acquisition of property 268.343
Validation of certain easements acquired by district 268.345
Limitation on condemnation power for certain facilities 268.347
Boundary change within district and urban reserves 268.351
Definitions for ORS 268.347 and 268.354 268.354
Boundary change procedures 268.357
Authority to sell certain information 268.360
Authority to exercise police power 268.370
Authority to take over transit system of mass transit district 268.380
Land-use planning goals and activities 268.385
District as regional planning coordinator 268.390
Planning for activities and areas with metropolitan impact 268.393
Land use planning ordinance 268.500
Levy, collection, enforcement of ad valorem taxes 268.503
Vehicle registration fees 268.505
Income tax 268.507
Excise taxes 268.520
Authority to issue and sell general obligation bonds 268.525
Refunding bonds 268.530
Bond elections 268.590
Credit enhancement of district bonds and other obligations 268.600
Issuance of revenue bonds 268.610
Ordinance authorizing revenue bonds 268.620
Form and content of bonds 268.630
Borrowing in anticipation of bond sale 268.640
Sale of revenue bonds 268.650
Bonds as obligation of a political subdivision 268.660
Effect of ORS 268.600 to 268.660 268.710
Electors of county may adopt, amend, revise or repeal district charter 268.990
Penalties
Green check means up to date. Up to date

Current through early 2024

§ 268.600’s source at oregon​.gov