ORS 280.445
Factors considered in determining whether to issue bonds


In determining whether to issue revenue bonds under ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city), the governing body of the city shall consider:

(1)

The bond market for the types of bonds proposed for issuance.

(2)

The terms and conditions of the proposed issue.

(3)

Whether the borrower, lessee or purchaser is financially responsible and fully capable and willing to fulfill its obligations under the loan agreement, agreement of lease or contract, including the obligation to pay rent in the amounts and at the times required, the obligation to operate, repair and maintain at its own expense the project financed, leased or sold, and to serve the purposes of ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city) and such other responsibilities as may be imposed under the loan agreement, lease or contract. In determining financial responsibility of the borrower, lessee or purchaser, consideration shall be given to the borrower’s, lessee’s or purchaser’s ratio of current assets to current liabilities, net worth, earning trends, coverage of all fixed charges, the nature of the industry or business involved, its inherent stability, any guarantee of the obligations by some other financially responsible corporation, firm or person, and other factors determinative of the capability of the borrower, lessee or purchaser, financially and otherwise, to fulfill its obligations consistently with the purposes of ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city).

(4)

Such other relevant factors as the governing body considers necessary to protect the financial integrity of the city. [1977 c.772 §8; 2003 c.286 §6]

Source: Section 280.445 — Factors considered in determining whether to issue bonds, https://www.­oregonlegislature.­gov/bills_laws/ors/ors280.­html.

280.040
Definitions for ORS 280.040 to 280.145
280.050
Providing funds for financing cost of services, projects, property and equipment
280.055
Obtaining and advancing of funds to county service districts
280.057
Local option taxes for community colleges
280.060
Levy of local option taxes outside constitutional limitation
280.064
Period for use of revenues raised by local option tax
280.070
Manner of holding elections for local option tax or permanent rate limit
280.075
Ballot statements for local option tax measures
280.080
Contents of order, resolution or ordinance calling election
280.090
Submission of several proposals to impose local option taxes
280.145
Serial levy under former law
280.150
Appropriating money and issuing bonds to construct, operate and maintain joint facilities
280.410
Definitions for ORS 280.410 to 280.485
280.415
Legislative findings
280.420
Eligibility of projects for financing
280.422
Exception to eligibility standards
280.424
Bond-financed single room occupancy rental housing to conform with federal law
280.425
City powers concerning property
280.430
Contractual powers of city
280.431
Required condition of purchase for low income single room occupancy housing project
280.432
Limitations on housing loans from bond proceeds
280.435
Limitation on city power
280.440
Authority to issue revenue bonds
280.445
Factors considered in determining whether to issue bonds
280.450
Issuance of bonds
280.455
Administrative expenses
280.460
Refunding bonds
280.465
Validity of bonds
280.470
Covenants in bonds allowed
280.475
Limitations of bonds
280.480
Powers and rights of bondholders
280.482
Report required
280.485
Effect of ORS 280.410 to 280.485 on powers of city
280.500
County economic development plan
280.505
Coordination of plan with other local governments and plans
280.508
County public purpose revolving loan fund
280.518
Display of information that program is financed by State Lottery
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