Oregon Revised Statutes Chapter 478 § 478.845 — Revenue bonds authorized for fire safety systems
Oregon Revised Statutes Chapter 478 ·
Oregon Code § 478.845·Enacted ·Last updated March 01, 2026
Statute Text
Revenue bonds authorized for fire safety systems.
(1) Notwithstanding any other
provision of law or any restriction on indebtedness contained in a charter, a
city or district may issue and sell revenue bonds under ORS 478.845 to 478.875,
loan moneys to qualified persons for the installation of fire safety systems
and enter into loan contracts with those persons. Moneys borrowed from the loan
fund created by ORS 478.855 shall be repaid by the borrowers in accordance with
the terms of the loan contract to which the borrower and the city or district
are parties.
(2) In addition
to authority granted by other laws to issue revenue bonds, a city or district
may sell revenue bonds for the purpose of creating a loan fund to finance the
installation of fire safety systems in structures located within the city or
district.
(3) Revenue bonds
authorized by this section may be issued from time to time and shall be issued
as prescribed in ORS chapter 287A. [1995 c.725 §2; 2007 c.783 §209]
Note:
See note under 478.840.
Plain English Explanation
This Oregon statute addresses Revenue bonds authorized for fire safety systems. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 478.845
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Revenue bonds authorized for fire safety systems. 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 § 478.845. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.