Oregon Revised Statutes Chapter 450 § 450.115 — Use of
Oregon Revised Statutes Chapter 450 ·
Oregon Code § 450.115·Enacted ·Last updated March 01, 2026
Statute Text
Use of
proceeds of bond sale.
The proceeds of the sale of bonds shall be paid to the district. The proceeds
shall be used for the purpose indicated in the order calling for election upon
the question of the issuance of the bonds, and for no other purpose. However,
if those purposes are entirely fulfilled, any remaining proceeds shall be used
for payment of the principal and interest of the bonds. [Amended by 2001 c.373 §4]
Plain English Explanation
This Oregon statute addresses Use of
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 450.115
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Use of
. 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 § 450.115. Use this format in legal documents and court filings.
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