2015 ORS § 465.280¹
  • insuring tax deductibility of interest on bonds

In accordance with the applicable provisions of ORS chapter 183, the Environmental Quality Commission may adopt rules necessary to carry out the provisions of ORS 465.381 (Hazardous Substance Remedial Action Fund), 468.220 (Department to administer fund), 468.230 (Pollution Control Sinking Fund) and 465.265 (Person defined for ORS 465.265 to 465.310) to 465.310 (Accounting procedure for financial assistance moneys) and to insure that interest on bonds issued under ORS 468.195 (Issuance of bonds authorized) to be used for removal or remedial action of hazardous substances is not includable in gross income under the United States Internal Revenue Code. [1989 c.833 §105]