ORS 548.300
Contracts for state loans

  • purposes for which authorized
  • amount of loan

(1)

The board of supervisors of any drainage district or the board of directors of any irrigation district may, whenever it is determined by such board that it is for the best interests of the district, enter into a contract with any governmental agency of the State of Oregon for a loan:

(a)

For the refunding of any or all of its outstanding indebtedness;

(b)

For the refunding of any state, county and municipal ad valorem taxes or special assessments levied by such district; and

(c)

For the financing of any improvement or supplemental works which may be needed to reclaim lands in the district or for maintenance or operation, and for the payment or repayment thereof, upon such terms or conditions as may be agreed upon in the contract.

(2)

In no case shall the total of any loan made by any governmental agency exceed in the aggregate the total amount of the outstanding indebtedness of such district so refunded, but this limitation shall not apply to any loan or any part of any loan which may be made by such governmental agency for any purpose herein provided other than refunding such outstanding indebtedness. [1983 c.557 §11]

Source: Section 548.300 — Contracts for state loans; purposes for which authorized; amount of loan, https://www.­oregonlegislature.­gov/bills_laws/ors/ors548.­html.

548.005
Organization of irrigation, drainage or flood control district by owners of lands subject to assessment by district improvement company or improvement district
548.010
Sale or disposal of lands
548.015
Board of directors to transfer unnecessary funds
548.050
Insurance for district employees
548.105
Authority of boards to maintain proceedings for judicial determination as to organization of district and other matters
548.110
Nature of proceedings
548.115
Elector’s right to maintain proceedings
548.120
Validation of judgments entered in proceedings by directors
548.300
Contracts for state loans
548.305
Contracts for federal loans
548.310
Validation of prior contracts and bonds
548.315
Issuance of bonds
548.320
Lien on lands
548.325
Charges or assessments
548.330
Bonds for refunding indebtedness
548.335
Consent of holders of outstanding indebtedness
548.340
Contents of petition
548.345
Notice
548.350
Hearing
548.355
Nature of proceedings
548.360
Moneys and securities
548.365
Depositary for bonds, warrants
548.370
Cancellation or compromise of assessments by districts refunding indebtedness through federal agencies
548.400
Deposit of bonds, warrants and other evidence of indebtedness of irrigation and drainage districts being reorganized
548.405
Loss of certificates or receipts issued by county treasurer for securities
548.410
Surrender of securities to claimant to whom certificate or receipt has not been issued or assigned
548.415
Surety bond
548.505
Relevy and reassessment
548.510
Judgment declaring assessments void
548.515
Manner of relevy and reassessment
548.520
Cancellation or compromise
548.705
Irrigation or drainage district may file bankruptcy petition
548.710
Bonds of district
548.715
Debt refunding agreements
548.900
Definitions for ORS 548.900 to 548.955
548.905
Petition for dissolution or reorganization
548.910
Manner of signing petition
548.915
Determining qualified petition signatures
548.920
Notice of petition filing
548.925
Special election
548.930
Vote result requirements
548.935
Circuit court proceeding on petition
548.940
Jurisdiction of parties
548.945
Written assent of Secretary of Interior required before judgment if district has federal contract
548.950
Appearance of interested parties
548.955
Contents of judgment
Green check means up to date. Up to date