ORS 552.670
Loan contracts with state or federal agencies


(1)

If authorized by its electors, a district may enter a loan contract with a state or federal agency. The loan contract shall be in such form and shall contain such terms as may be agreed upon by the agency and the district. The district may agree to levy assessments against each tract of land benefited, to do all acts and things necessary therefor, to assign to the lending agency the assessments as security for the loan and to perform all such acts within such period of time as may be agreed to between the district and the state or federal lending agency.

(2)

If a state or federal lending agency pays over money to a district pursuant to the terms of a loan contract and the district fails, refuses or neglects to levy the assessments, to obtain or prepare a benefit roll, to assign the assessments or in any other manner not to perform as it agreed to under the loan contract, the state or federal lending agency shall have the right, at its election, to apply to the circuit court for the county in which is located the largest part of the lands within the district for a writ of mandamus, or any other order or writ, to require the district, its directors, officers and agents to do such acts and things as the district agreed to do under the terms of the loan contract. All costs, charges and expenses pertaining to the issuance and execution of any such writ or order shall be charged to and collected from the lands subject to the assessments in addition to such assessments.

(3)

Upon the execution of a loan contract, the district shall file for record a certificate which shall state the date of the loan contract, the maximum amount of the loan, the recording data pertaining to the recorded order creating the district, the term of the loan and the rate of interest. Such certificate shall give notice that all lands within the district determined to be benefited by the construction of the works referred to in the engineering plan will be subject to assessments thereafter to be levied. [1969 c.606 §25; 1991 c.459 §430a]

Source: Section 552.670 — Loan contracts with state or federal agencies, https://www.­oregonlegislature.­gov/bills_laws/ors/ors552.­html.

552.013
Definitions
552.108
Creation of water improvement district
552.113
Water rights protected
552.118
Petition contents
552.133
Election on formation
552.138
Status of final order
552.143
Proceedings to test validity of order or act of district board
552.208
Election of first board of directors
552.218
Organizational meeting
552.223
Duties of district board
552.305
Powers of districts generally
552.310
Condemnation
552.315
Right to enter and survey land
552.320
Operation of water works and sale of water
552.325
Water charges
552.330
Water user regulations
552.345
User regulations
552.350
Cooperation with the United States
552.403
Watershed improvement plans
552.408
District projects
552.413
Engineering plans prepared by other agencies
552.418
Notice of engineering plan
552.423
Advertising for bids on construction contract
552.428
Letting construction contract
552.433
Chief engineer of district to superintend work
552.438
Construction on public land or right of way, or along watercourse
552.603
Financing construction, operation or maintenance of district works
552.608
Assessment of cost of works against benefited land
552.613
Improvement bonds
552.618
Effect of irrigation contract
552.623
Ad valorem tax levy, collection, enforcement
552.624
Filing boundary change with county assessor and Department of Revenue
552.625
Maximum rate of tax levy
552.630
Service and user charges
552.635
Levy to establish revolving fund
552.645
General obligation bonds
552.655
Refunding bonds
552.660
Process for issuance of bonds
552.670
Loan contracts with state or federal agencies
552.710
Subdistrict procedure
552.720
Dissolution of irrigation, drainage or water control district and transfer of assets and liabilities to water improvement district
552.740
Notice requirements
552.750
Election laws applicable
552.810
Procedure for inclusion or exclusion of land in district
552.830
Date of election on dissolution of district
552.992
Penalties
Green check means up to date. Up to date