Oregon Revised Statutes Chapter 327 § 327.705 — Purpose of ORS 327.700 to 327.711
Oregon Revised Statutes Chapter 327 ·
Oregon Code § 327.705·Enacted ·Last updated March 01, 2026
Statute Text
Purpose of ORS 327.700 to 327.711.
The Legislative Assembly declares that the purpose of ORS 327.700 to 327.711 is
to authorize lottery bonds for state education projects. The lottery bonds
authorized by ORS 327.700 to 327.711 shall be issued pursuant to ORS 286A.560
to 286A.585. The obligation of the State of Oregon with respect to the lottery
bonds and with respect to any grant agreement or other commitment authorized by
ORS 327.700 to 327.711, 327.731, 348.696 and 777.277 shall at all times be
restricted to the availability of unobligated net lottery proceeds, proceeds of
lottery bonds and any other amounts specifically committed by ORS 286A.560 to
286A.585. Neither the faith and credit of the State of Oregon nor any of its
taxing power shall be pledged or committed to the payment of lottery bonds or
any other commitment of the State of Oregon authorized by ORS 327.700 to
327.711. [1997 c.612 §1; 1999 c.44 §11; 2007 c.783 §127]
Plain English Explanation
This Oregon statute addresses Purpose of ORS 327.700 to 327.711. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 327.705
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Purpose of ORS 327.700 to 327.711. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 327.705. Use this format in legal documents and court filings.
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