Oregon Code § 196.230·Enacted ·Last updated March 01, 2026
Statute Text
Revenue bonds issued by authority.
(1) The Willamette Falls Locks Authority may from time to time issue and sell
revenue bonds in accordance with ORS chapter 287A, except that ORS 287A.150 (2)
to (6) do not apply to revenue bonds issued by the authority. Revenue bonds
issued by the authority are not to any extent a general obligation of the
authority nor a charge upon any revenues or property of the authority not
specifically pledged as security for the revenue bonds. An obligation described
in this section is not an indebtedness of the State of Oregon.
(2) Revenue bonds
issued by the authority pursuant to ORS chapter 287A shall be considered to be
bonds of a political subdivision of the State of Oregon for the purposes of all
laws of the state.
(3) The authority
may, pursuant to ORS 287A.360 to 287A.380, issue refunding bonds of the same
character and tenor as the revenue bonds replaced by the refunding bonds. [2021
c.229 §8]
Note:
See note under 196.200.
Plain English Explanation
This Oregon statute addresses Revenue bonds issued by authority. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 196.230
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Revenue bonds issued by authority. Read the full statute text above for details.
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