2015 ORS 285B.479¹
Nature of revenue bonds

(1) Revenue bonds issued under ORS 285B.467 (Eligibility for revenue bond financing) to 285B.479 (Nature of revenue bonds):

(a) May not be payable from nor charged upon any funds other than the revenue pledged to the payment thereof, except as provided in this section, nor shall the state be subject to any liability thereon. No holder or holders of such bonds shall ever have the right to compel any exercise of the taxing power of the state to pay any such bonds or the interest thereon, nor to enforce payment thereof against any property of the state except those moneys pledged therefor in the Special Public Works Fund, under the provisions of ORS 285B.467 (Eligibility for revenue bond financing) to 285B.479 (Nature of revenue bonds).

(b) May not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the state, except those moneys paid to the Special Public Works Fund.

(2) A revenue bond issued under ORS 285B.467 (Eligibility for revenue bond financing) to 285B.479 (Nature of revenue bonds) does not constitute a debt of the State of Oregon or a lending of the credit of this state within the meaning of any constitutional or statutory limitation. [Formerly 285.750; 2001 c.883 §35; 2007 c.783 §105]


1 Legislative Counsel Committee, CHAPTER 285B—Economic Development II, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors285B.­html (2015) (last ac­cessed Jul. 16, 2016).
 
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.