Limitations on transfer to metropolitan service district
(1) No transfer authorized by ORS 267.020 (Transfer of transit system to metropolitan service district) of a mass transit district system to a metropolitan service district shall take effect while bonds issued by the Oregon Mass Transportation Financing Authority to finance mass transit facilities for the district are outstanding until a plan designed to repay any outstanding bonds when due is prepared by the governing body of the metropolitan service district and approved by:
(a) The chairperson of the Oregon Transportation Commission or the chairperson’s designee;
(b) The State Treasurer or State Treasurer’s designee; and
(c) The chairperson of the Oregon Investment Council or the chairperson’s designee.
(2) Persons given authority to approve a transfer under subsection (1) of this section may only refuse to approve a transfer for reasons relating to the financial effect of the transfer. [1983 c.306 §3]
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