Authorization to issue and sell revenue bonds
(1) Oregon Community Power may issue and sell revenue bonds in accordance with the provisions of the Uniform Revenue Bond Act under ORS 288.805 to 288.945. However, ORS 288.815 does not apply to revenue bonds issued by Oregon Community Power. Revenue bonds issued by Oregon Community Power may not be a general obligation of Oregon Community Power and may not be a charge upon any revenues or property of Oregon Community Power that is not specifically pledged thereto. Any obligation of any kind incurred by Oregon Community Power under ORS 288.805 to 288.945 is not, and may not be considered, an indebtedness of the State of Oregon.
(2) Revenue bonds or other financing agreements issued by Oregon Community Power pursuant to ORS 288.805 to 288.945 shall be considered to be bonds or obligations of a political subdivision of the State of Oregon for the purposes of all laws of this state. [2007 c.807 §39]
Note: See note under 757.812 (Definitions for ORS 757.812 to 757.950).
Note: 288.805 to 288.945 (the Uniform Revenue Bond Act) and 288.815 were repealed by section 234, chapter 783, Oregon Laws 2007. The text of 757.950 (Authorization to issue and sell revenue bonds) was not amended by enactment of the Legislative Assembly to reflect the repeal. Editorial adjustment of 757.950 (Authorization to issue and sell revenue bonds) for the repeal of 288.805 to 288.945 and 288.815 has not been made.
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.