ORS 523.470
Revenue bonds

  • terms
  • issuance

In addition to the authority to issue general obligation bonds, the district, when authorized at any properly called election, shall have the power to sell and dispose of revenue bonds, and to pledge as security therefor all or any part of the unobligated net revenue of the district or system, to purchase, acquire, lay out, construct, reconstruct, extend, enlarge or improve a geothermal heating system, for the purpose of obtaining geothermal heating for the use of consumers, within or without the boundaries of the district. The revenue bonds shall be issued in the same manner and form as are general obligation bonds of the district, but they shall be payable, both as to principal and interest, from revenues only, as specified by this section. The revenue bond shall not be subject to the percentage limitation applicable to general obligation bonds and shall not be a lien upon any of the taxable property within the corporate limits of such district, but shall be payable solely from such part of the revenues of the district as remain after payment of obligations having a priority and of all expenses of operation and maintenance of the district, including any taxes levied against it. All revenue bonds shall contain a clause reciting that both the principal and interest are payable solely from operating revenues of the district remaining after paying such obligations and expenses. [1975 c.782 §7]

Source: Section 523.470 — Revenue bonds; terms; issuance, https://www.­oregonlegislature.­gov/bills_laws/ors/ors523.­html.

523.010
Definitions
523.015
Definitions for ORS 523.020
523.020
City as geothermal heating district
523.030
Formation of geothermal heating districts
523.040
Powers of district
523.050
Water and real property transactions
523.060
Cooperative agreements
523.070
Authority to perform drainage work
523.110
Regulations on use of geothermal heat
523.120
Deposit or other security for use of heat
523.130
Rates
523.140
Rate increase procedure
523.150
Termination of service for nonpayment of heating charge
523.160
Refund of heating service extension costs by owner of adjacent property
523.210
Special assessment for improvements
523.220
Action on special assessment report by board
523.230
Approval of special assessment report
523.240
Means of constructing improvement
523.250
Order to carry out or abandon improvement after public hearing
523.260
Method of assessment
523.270
Appeal of assessment
523.280
Notice of assessment to property owners
523.290
Entry of amount of assessment
523.310
Errors in assessment
523.320
Deficit assessment
523.330
Excess assessment
523.340
Abandonment of improvement
523.350
Restriction on rendering assessment invalid
523.360
Reassessment
523.380
Foreclosure of assessment lien
523.410
Ad valorem taxation
523.420
Disposal of taxes levied by invalid district
523.460
General obligation bonds
523.470
Revenue bonds
523.480
Refunding bonds
523.490
Issuance of bonds
523.510
Assumption of debts and obligations of district upon dissolution
523.610
Board
523.625
Election laws applicable
523.630
Meetings
523.640
Special election
523.660
District funds
523.670
Agreements between district and annexed or joined city
523.680
Employees’ retirement system
523.690
Payments to retirement plan fund
523.700
Employee contributions to retirement plan
523.710
Limit on eligible individuals in retirement plan
Green check means up to date. Up to date