Forest development revenue bonds
(1) The State Board of Forestry may request the State Treasurer to sell revenue bonds of the State of Oregon, to be known as Oregon forest development revenue bonds, in an amount authorized under ORS 286A.035 (Bond budget authorization). The bonds shall not constitute a general obligation of the state, nor be a lien on any of the lands acquired by the state under ORS 530.010 (State Board of Forestry authorized to acquire lands).
(2) The bonds shall bear interest at a rate to be determined by the State Treasurer. [Amended by 1957 c.83 §16; 2007 c.783 §213a]
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