ORS 401.844¹
Authority to issue general obligation bonds
  • elector approval required
  • bond debt limit

(1) For the purpose of carrying into effect the powers granted by ORS 401.818 (Definitions for ORS 401.818 to 401.857) to 401.857 (Advisory committee), as well as refunding outstanding obligations, a 9-1-1 communications district, when authorized by a majority of the votes cast at an election by electors of the district, may borrow money and sell and dispose of general obligation bonds.

(2) The general obligations outstanding at any one time shall never exceed in aggregate principal amount one percent of the real market value of all taxable property within the district computed in accordance with ORS 308.207 (Computation of real market value for taxing or bonding limitations).

(3) The bonds shall mature serially not more than 30 years from the issue date and shall be issued as prescribed in ORS chapter 287A. [1995 c.333 §36; 2007 c.783 §180]

Note: See note under 401.818 (Definitions for ORS 401.818 to 401.857).

Chapter 401

Law Review Cita­tions

54 OLR 677 (1975)

1 Legislative Counsel Committee, CHAPTER 401—Emergency Services and Communications, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors401.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 401, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­401ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
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