Oregon Revised Statutes Chapter 777 § 777.950 — Certain uses of proceeds of bonds issued without elector approval prohibited
Oregon Revised Statutes Chapter 777 ·
Oregon Code § 777.950·Enacted ·Last updated March 01, 2026
Statute Text
Certain uses of proceeds of bonds issued without elector approval prohibited.
Notwithstanding any other
provision of law, proceeds from the sale of bonds issued by the port without
the approval of the electors of the port under ORS 777.947, except for
refunding bonds, shall be used only for construction, maintenance and repair of
facilities and works necessary for industrial development within the port,
construction, maintenance and repair of docks, piers, wharves, dredge and spoil
sites and navigation aids and as matching moneys for state and federal grants
for the purposes described in this section. [1987 c.565 §16]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 777.950
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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