Oregon Code § 280.440·Enacted ·Last updated March 01, 2026
Statute Text
Authority to issue revenue bonds.
(1) A city may authorize and issue revenue bonds secured by revenues from
eligible economic development projects to finance or refinance in whole or part
the cost of acquisition, construction, reconstruction, improvement or extension
of projects. The bonds shall be identified by project.
(2) A city may
also authorize and issue revenue bonds secured by revenues from mortgage
payments by purchasers of units within multiple unit housing projects. Such
housing bonds need not be identified by project but may include more than one
project or purpose within a single bond issue.
(3) In issuing
bonds under this section, the city shall designate an underwriter, trustee and
bond counsel and enter into appropriate agreements with each to carry out the
provisions of ORS 280.410 to 280.485. The bonds shall be issued in the manner
prescribed by law and refunding bonds may be issued to refinance such revenue
bonds. [1977 c.772 §7; 1979 c.865 §5]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 280.440
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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