ORS 285A.687¹
Filing of lien against port
  • notice of satisfaction

(1) If the Oregon Economic and Community Development Commission accepts a lien against any port district’s real or personal property as collateral required by ORS 285A.681 (Loan from fund), the commission shall file notice of the loan with the recording officer of each county in which is situated any real or personal property of the port district. The notice shall contain a description of the encumbered property, the amount of the loan, and a statement that loan payments are liens against such property.

(2) Upon payment of all amounts loaned to a port district pursuant to ORS 285A.666 (Definitions for ORS 285A.666 to 285A.732) to 285A.732 (Short title), the commission shall file with each recording officer referred to in subsection (1) of this section, a satisfaction notice that indicates repayment of the loan. [Formerly 285.890]

1 Legislative Counsel Committee, CHAPTER 285A—Economic Development I, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors285A.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information