Oregon Revised Statutes Chapter 541 § 541.815 — Limitation on bond issuance amount
Oregon Revised Statutes Chapter 541 ·
Oregon Code § 541.815·Enacted ·Last updated March 01, 2026
Statute Text
Limitation on bond issuance amount.
No bonds shall be issued or sold under ORS 541.780 to 541.815 nor indebtedness
incurred thereunder, which, singly or in the aggregate with previous debts or
liabilities incurred for the construction, operation and maintenance of water
development projects and for the acquisition of easements and rights of way for
federal water development projects shall exceed any limitation provided in the
Oregon Constitution at the date of the issuance and sale of such bonds. If the
maximum aggregate principal sum of bonds authorized to be issued under ORS
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 541.815
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Limitation on bond issuance amount. 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 § 541.815. Use this format in legal documents and court filings.
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