Oregon Revised Statutes Chapter 545 § 545.373 — Proceeds of sale; special fund; uses of moneys
Oregon Revised Statutes Chapter 545 ·
Oregon Code § 545.373·Enacted ·Last updated March 01, 2026
Statute Text
Proceeds of sale; special fund; uses of moneys.
All proceeds from the sale of
property owned by the district and subject to the lien of outstanding bonds
shall be held in a special fund to be applied:
(1) First, to the
construction or reconstruction of the drainage or other works of the district
that are required by the United States as one of the conditions for the
purchase of the property by the United States; and
(2) Second, as
may be agreed between the district and the holders of the bonds, except that
when the proceeds are applied to bonded indebtedness, the application shall be
made to payment on the outstanding bonds as their interests may appear. [Formerly
545.150]
Plain English Explanation
This Oregon statute addresses Proceeds of sale; special fund; uses of moneys. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 545.373
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Proceeds of sale; special fund; uses of moneys. 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 § 545.373. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.