2017 ORS 287A.100¹
Authority of county to issue general obligation bonds

(1) Unless the county charter expressly provides otherwise, upon approval of the electors of a county, the county may issue general obligation bonds to finance:

(a) Capital construction or capital improvements permitted by Article XI, sections 11 and 11b, of the Oregon Constitution.

(b) Capital costs permitted by Article XI, section 11L, of the Oregon Constitution.

(2) Unless the county charter provides a lesser limitation, a county may not issue or have outstanding at the time of issuance general obligation bonds in a principal amount that exceeds two percent of the real market value of the taxable property in the county, calculated as provided in ORS 308.207 (Computation of real market value for taxing or bonding limitations). [2007 c.783 §44; 2013 c.491 §4]

1 Legislative Counsel Committee, CHAPTER 287A—Local Government Borrowing, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors287A.­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.