Oregon Code § 223.710·Enacted ·Last updated March 01, 2026
Statute Text
Rebonding application; form; prerequisites.
(1) The applications for rebonding shall be in the
same form and preserved as original bonding applications. The officer charged
with keeping the records of the local government shall keep the bonding
applications in convenient form for examination. The officer shall enter in a
docket kept for that purpose a description of each lot or parcel of land
against which the rebonding assessment is made, or which bears or is chargeable
for the cost of the local improvement, with the name of the then owner and the total
amount of unpaid final assessments rebonded.
(2) The total
amount to be rebonded against any lot or parcel of land must be $25 or more.
The owner shall tender and pay with the application all accrued interest due on
the bonded assessment to the first of the month preceding the date of
application.
(3) No
application for rebonding shall be received unless the taxes for any quarter of
the current year then due and payable, together with the entire amount of taxes
of the year immediately preceding the year in which the application is filed,
have been fully paid and evidence of such payment satisfactory to the officer
receiving the application is produced at the time of making the application. [Amended
by 1991 c.902 §78; 2003 c.802 §52]