2017 ORS 285B.098¹
Status of loan to county or municipality
  • project as security
  • repayment

A loan made to a county or municipality under ORS 285B.050 (Definitions for ORS 285B.050 to 285B.098) to 285B.098 (Status of loan to county or municipality) shall not be a general obligation of that county or municipality, nor a charge upon the tax revenues of that county or municipality, nor a charge upon any other revenues or property of that county or municipality not specifically pledged thereto. A loan made to a county or municipality under ORS 285B.050 (Definitions for ORS 285B.050 to 285B.098) to 285B.098 (Status of loan to county or municipality) may be secured by the business development project for which the loan is made, as well as by any revenues derived from that project, and any nontax-derived revenues or property of the county or municipality not otherwise pledged or committed for other purposes. A county or municipality may repay any portion of a loan incurred under ORS 285B.050 (Definitions for ORS 285B.050 to 285B.098) to 285B.098 (Status of loan to county or municipality) from any funds available to it. [Formerly 285.447]

1 Legislative Counsel Committee, CHAPTER 285B—Economic Development Ii, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors285B.­html (2017) (last ac­cessed Mar. 30, 2018).
 
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.