Oregon Revised Statutes Chapter 383 § 383.245 — Bond
Oregon Revised Statutes Chapter 383 ·
Oregon Code § 383.245·Enacted ·Last updated March 01, 2026
Statute Text
Bond
form, issuance and maturity; provisions subject to determination of State
Treasurer.
(1) A
tollway project revenue bond issued under ORS 383.200:
(a) Must contain
on its face a statement that the ad valorem taxing power of this state is not
pledged to the payment of the principal or the interest on the bond.
(b) Shall be
issued as provided in ORS chapter 286A.
(c) Must mature
on or before a date determined by calculation of the expected economic life of
the improvements, assets and projects financed with the proceeds of the bond.
(2) The State
Treasurer shall determine, after consultation with the Department of
Transportation, all aspects relating to the sale of bonds under ORS 383.200
that are not otherwise specifically provided in ORS 383.200 to 383.245. [2021
c.630 §152]
Plain English Explanation
This Oregon statute addresses Bond
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 383.245
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Bond
. Read the full statute text above for details.
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The formal citation is Oregon Code § 383.245. Use this format in legal documents and court filings.
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