Oregon Revised Statutes Chapter 198 § 198.220 — Bond
Oregon Revised Statutes Chapter 198 ·
Oregon Code § 198.220·Enacted ·Last updated March 01, 2026
Statute Text
Bond
or letter of credit for member of district governing body.
The governing body of a district
shall require bond or an irrevocable letter of credit of any member of the
governing body or any officer or employee of the district who is charged with
possession and control of district funds and properties. The letter of credit
shall be issued by an insured institution, as defined in ORS 706.008. The
amount of the bond or letter of credit shall be fixed by the governing body of
the district. The premium for the bond or the fee for the letter of credit
shall be paid from district funds. [1969 c.345 §2; 1991 c.331 §45; 1997 c.631 §425]
Plain English Explanation
This Oregon statute addresses Bond
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 198.220
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Bond
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The formal citation is Oregon Code § 198.220. Use this format in legal documents and court filings.
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