Oregon Revised Statutes Chapter 545 § 545.307 — Investment of surplus funds in federal or state bonds
Oregon Revised Statutes Chapter 545 ·
Oregon Code § 545.307·Enacted ·Last updated March 01, 2026
Statute Text
Investment of surplus funds in federal or state bonds.
When there are surplus funds not
necessary for the payment of current obligations of the district in any
construction fund, operation and maintenance fund, sinking fund, United States
Contract Fund, State of Oregon Contract Fund, emergency fund or any other fund
of the district, the board of directors of an irrigation district may invest
the surplus funds in bonds of the United States or the State of Oregon. The
district may hold and dispose of the bonds at such times as may be necessary to
the conduct of the business and affairs of the district. [Formerly 545.224]
Plain English Explanation
This Oregon statute addresses Investment of surplus funds in federal or state bonds. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 545.307
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Investment of surplus funds in federal or state bonds. 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 § 545.307. Use this format in legal documents and court filings.
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