2017 ORS 286A.839¹
Article XI-F(1) Bond Fund
  • purposes

(1) The Article XI-F(1) Bond Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-F(1) Bond Fund may be invested as provided in ORS 286A.025 (Issuance and sale of bonds) and 293.701 (Definitions for ORS 293.701 to 293.857) to 293.857 (Separate accounts for each local government), and interest earned on the fund must be credited to the fund. Moneys credited to the Article XI-F(1) Bond Fund are continuously appropriated to the department for the purpose of paying, when due, the principal of, the interest on and the premium, if any, on outstanding Article XI-F(1) bonds. The department shall deposit in the fund:

(a) Capitalized or accrued interest on Article XI-F(1) bonds;

(b) Moneys, if any, appropriated or otherwise provided by the Legislative Assembly for deposit in the fund;

(c) Reserves, if any, established for the payment of Article XI-F(1) bonds;

(d) Moneys transferred from a project fund under ORS 286A.833 (Authority of State Treasurer to issue Article XI-F(1) bonds) (4);

(e) Moneys received as payment under a loan agreement or the schedule provided under ORS 352.415 (Repayment of outstanding state bonds and other obligations by public university);

(f) Moneys received from ad valorem taxes levied pursuant to ORS 291.445 (Certificate of state agency that issues general obligation bonds); and

(g) Moneys provided by the Legislative Assembly in lieu of ad valorem taxes levied pursuant to ORS 291.445 (Certificate of state agency that issues general obligation bonds).

(2) The department shall credit any interest earnings in the fund on amounts paid by a public university pursuant to a loan agreement or the schedule provided under ORS 352.415 (Repayment of outstanding state bonds and other obligations by public university) that exceed the amount needed to repay outstanding Article XI-F(1) bonds issued for the benefit of the public university against the payment obligations of the public university under a loan agreement or the schedule provided under ORS 352.415 (Repayment of outstanding state bonds and other obligations by public university).

(3) At the request of the department, the State Treasurer may create or cause to be created separate accounts in the fund for reserves and debt service for each series of Article XI-F(1) bonds. [2015 c.828 §5]

1 Legislative Counsel Committee, CHAPTER 286A—State Borrowing Public Borrowing, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors286A.­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.