Oregon Code § 367.595·Enacted ·Last updated March 01, 2026
Statute Text
Setting aside sufficient moneys to pay maturing obligations.
The Department of Transportation
shall compute and determine in January of each year, after the sale of bonds
under ORS 367.555 to 367.600, the amount of principal and interest that will
fall due during such year on general obligation bonds then outstanding and
unpaid and shall maintain or hold in the State Highway Fund sufficient moneys
to pay such maturing obligations. [1973 c.698 §10; 2003 c.201 §22]
Plain English Explanation
This Oregon statute addresses Setting aside sufficient moneys to pay maturing obligations. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 367.595
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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