Oregon Revised Statutes Chapter 547 § 547.697 — Bond
Oregon Revised Statutes Chapter 547 ·
Oregon Code § 547.697·Enacted ·Last updated March 01, 2026
Statute Text
Bond
fund separate from district general fund; deposits to bond fund and district
general fund; expenditures from bond fund and district general fund.
(1) The district treasurer shall
deposit all money arising from the sale of refunding bonds, and sufficient
money arising from assessment and levy to meet the next installment of
principal and interest on the bonds of the district, in a bond fund separate
from its general fund. From the bond fund the treasurer shall pay the principal
on bonds as they mature and the interest when the coupons are presented.
(2) Except as
otherwise provided by subsection (1) of this section, all money received by the
district, including money from the sale of bonds other than refunding bonds and
for the construction and acquisition of works, shall be credited to a general
fund. The district treasurer shall use the general fund to pay all obligations
of the district other than those described by subsection (1) of this section. [1969
c.694 §38; 2001 c.215 §28]
WITHDRAWAL
Plain English Explanation
This Oregon statute addresses Bond
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 547.697
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Bond
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