Chapter 280 — Chapter 280
134 sections in this chapter.
ORS 280.422 Exception to eligibility standards. Low income single room occupancy housing projects need not meet the standards of an eligible project and any city standards adopted pursuant to ORS 280.410 to 280.485. [1981 c.368 §6]
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[Repealed or reserved.]
ORS 280.424 Bond-financed single room occupancy rental housing to conform with federal law. Single room occupancy rental housing financed with bonds authorized by ORS 280.410, 280.415, 280.422 to 280.425 and 280.431 must conform to the requirements of the Federal Mortgage Subsidy Bond Tax Act of 1980. [1981 c.368 §8; 2003 c.286 §8]
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[Repealed or reserved.]
ORS 280.425 City powers concerning property. In carrying out the provisions of ORS 280.410 to 280.485, a city may
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(1) Acquire by agreement, donation or exercise of eminent domain, construct and hold in whole or in part any lands, buildings, easements, water and air rights, improvements to lands and buildings and capital equipment to be located permanently or used exclusively on such lands or…
ORS 280.430 Contractual powers of city; requirements for project loans and leases. In addition to any other powers granted by law or charter, a city may
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(1) Make loans from bond proceeds to finance eligible projects or lease or sublease eligible projects to any person, firm or public or private corporation or federal or state governmental subdivision or agency. Such agreement shall provide that: (a) The borrower or lessee shall o…
ORS 280.431 Required condition of purchase for low income single room occupancy housing project. Low income single room occupancy housing projects shall not be sold to any purchaser who does not agree as a condition of purchase to maintain the property as low income single room occupancy housing for at least 30 years or the term of the mortgage, whichever period is shorter. [1981 c.368 §7]
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[Repealed or reserved.]
ORS 280.432 Limitations on housing loans from bond proceeds; discrimination; relocation; conversion. (1) Cities, in purchasing or servicing or making commitments to purchase or service residential mortgage loans under ORS 280.430 (5), shall not participate in the refinancing of housing by existent owners or purchasers of that housing and shall not allow the assumption of those loans by persons not eligible for them
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(2) No owner-purchaser shall have more than one mortgage loan under ORS 280.430 (5) outstanding at any time. (3) No city shall make or participate in the making of a mortgage loan to a multiple unit residential housing project under ORS 280.425 (3) unless the housing sponsor has …
ORS 280.435 Limitation on city power. Except as provided in ORS 280.425 (2), the city shall not have power to operate any eligible project as a business or in any manner whatsoever, and nothing in ORS 280.410 to 280.485 authorizes the city to expend any funds on any eligible project, other than the revenues of such projects, or the proceeds of revenue bonds issued hereunder, or other funds granted to or appropriated by the city for the purposes of an eligible project. [1977 c.772 §6; 2003 c.286 §5]
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[Repealed or reserved.]
ORS 280.440 Authority to issue revenue bonds. (1) A city may authorize and issue revenue bonds secured by revenues from eligible economic development projects to finance or refinance in whole or part the cost of acquisition, construction, reconstruction, improvement or extension of projects. The bonds shall be identified by project
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(2) A city may also authorize and issue revenue bonds secured by revenues from mortgage payments by purchasers of units within multiple unit housing projects. Such housing bonds need not be identified by project but may include more than one project or purpose within a single bon…
ORS 280.442 [1979 c.865 §2c; 1981 c.368 §4; 1987 c.696 §1; repealed by 2003 c.286 §10]
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[Repealed or reserved.]
ORS 280.445 Factors considered in determining whether to issue bonds. In determining whether to issue revenue bonds under ORS 280.410 to 280.485, the governing body of the city shall consider
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(1) The bond market for the types of bonds proposed for issuance. (2) The terms and conditions of the proposed issue. (3) Whether the borrower, lessee or purchaser is financially responsible and fully capable and willing to fulfill its obligations under the loan agreement, agreem…
ORS 280.450 Issuance of bonds. Bonds authorized under ORS 280.410 to 280.485 shall be issued in accordance with the provisions of the charter of the city relating to bonds payable from income of revenue producing facilities. Bond issues may mature at any time within 40 years from the date of issue. Bonds shall be issued as prescribed in ORS chapter 287A. [1977 c.772 §9; 1979 c.865 §6; 1981 c.94 §16; 2007 c.783 §93]
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[Repealed or reserved.]
ORS 280.455 Administrative expenses. The administrative expenses of the city with respect to bonds issued under ORS 280.410 to 280.485 shall be charged against bond proceeds or project revenues. [1977 c.772 §10]
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[Repealed or reserved.]
ORS 280.460 Refunding bonds. The city shall have the power, whenever it deems refunding expedient, to refund any bonds issued under ORS 280.410 to 280.485 by the issuance of new bonds, whether the bonds to be refunded have or have not matured. The refunding bonds may be exchanged for bonds to be refunded and the proceeds applied to the purchase, redemption or payment of such bonds. [1977 c.772 §11]
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[Repealed or reserved.]
ORS 280.465 Validity of bonds. The validity of bonds issued under ORS 280.410 to 280.485 shall not be dependent on or be affected by the validity or regularity of any proceeding relating to the acquisition, purchase, lease, construction, installation, reconstruction, improvement, betterment or extension of the eligible project for which the bonds are issued. The official action authorizing such bonds may provide that the bonds shall contain a recital that they are issued pursuant to ORS 280.410 to 280.485 and such recital shall be conclusive evidence of their validity and of the regularity of their issuance. [1977 c.772 §12]
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[Repealed or reserved.]
ORS 280.470 Covenants in bonds allowed. The official action authorizing the issuance of bonds under ORS 280.410 to 280.485 to finance or refinance in whole or in part, the acquisition, construction, installation, reconstruction, improvement, betterment or extension of any eligible project may contain covenants, notwithstanding that such covenants may limit the exercises of powers conferred by ORS 280.410 to 280.485 in the following respects and in such other respects as the city may decide
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(1) The rents to be charged for the use of properties acquired, constructed, installed, reconstructed, improved, bettered or extended under the authority of ORS 280.410 to 280.485; (2) The use and disposition of the revenues of such projects; (3) The creation and maintenance of s…
ORS 280.475 Limitations of bonds; recitals. (1) Revenue bonds issued under ORS 280.410 to 280.485
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(a) Shall not be payable from nor charged upon any funds other than the revenue pledged to the payment thereof, except as provided in this section, nor shall the city be subject to any liability thereon. No holder or holders of such bonds shall ever have the right to compel any e…
ORS 280.480 Powers and rights of bondholders. Subject to any contractual limitation binding upon the holders of any issue of revenue bonds, or a trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion or percentage of such holders, any holder of bonds, or any trustee therefor, for the equal benefit and protection of all bondholders similarly situated, may
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(1) By action or proceeding for legal or equitable remedies, enforce their rights against the city and any of its officers, agents and employees, and may require and compel the city or any such officers, agents or employees to perform and carry out its and their duties and obliga…
ORS 280.482 Report required; contents. A city shall report to the Oregon Housing Stability Council and the Legislative Assembly, not later than February 1 of each odd-numbered year on the disposition within that city of the proceeds of bonds issued for the purposes of making mortgage loans under ORS 280.425 (3) and 280.430 (5). The report shall, as a minimum, identify the population, income levels and areas served by the housing program, the length of residence in dwellings purchased under the program and the degree to which the city considers the program’s initial objectives have been achieved. The report shall be reviewed by the Oregon Housing Stability Council and the council shall make its comments on the report known to the city and the Legislative Assembly. [1979 c.865 §7; 2003 c.286 §9; 2015 c.180 §41]
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[Repealed or reserved.]
ORS 280.485 Effect of ORS 280.410 to 280.485 on powers of city. ORS 280.410 to 280.485 is additional, alternative and supplemental authority for cities with a population of 70,000 or more and shall not abrogate any power, right or authority otherwise granted by law or charter to such cities. [1977 c.772 §16; 2003 c.286 §7]
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(Counties)
ORS 280.500 County economic development plan; criteria. In addition to, and not in lieu of, any of the powers granted counties under the laws of this state, a county may develop and implement a program of economic development. To do so, a county shall have the power to
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(1) Following public hearings, adopt an economic development plan, either through its own efforts or in combination with other public bodies and advisory committees, which plan, if adopted, shall: (a) Recognize and reflect the need for adequate employment and income for residents…
ORS 280.505 Coordination of plan with other local governments and plans. In developing and implementing a plan of economic development under ORS 280.500, a county shall
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(1) Provide that each city within the plan boundaries may by resolution of the city governing body become a part of, or exclude itself from, the economic development plan within the city. (2) Assure that all city governing bodies wishing to participate are fairly represented in t…
ORS 280.507 [1987 c.584 §2; 1991 c.11 §3; renumbered 285.680 in 1991]
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[Repealed or reserved.]
ORS 280.508 County public purpose revolving loan fund. When moneys are received by a county upon condition or with the intent of the receiving county that the moneys be used for a public purpose revolving loan fund, the county may dedicate the moneys for the purposes of the revolving loan fund and payment of the expenses of administering the fund by enacting an ordinance that
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(1) Establishes a separate fund into which all moneys to be used for economic development revolving loans or grants may be deposited together with proceeds, including loan fees and interest, received from processing and repayment of such loans; (2) Specifies the public purpose an…
ORS 280.510 [1987 c.584 §1; renumbered 285.683 in 1991]
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[Repealed or reserved.]
ORS 280.513 [1987 c.584 §3; renumbered 285.685 in 1991]
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[Repealed or reserved.]
ORS 280.515 [1987 c.584 §4; renumbered 285.687 in 1991]
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[Repealed or reserved.]
ORS 280.517 [1987 c.584 §5; renumbered 285.690 in 1991]
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(Lottery Financed Projects)
ORS 280.518 Display of information that program is financed by State Lottery. Any economic development program financed with proceeds from the state lottery authorized by section 4, Article XV of the Oregon Constitution, and ORS chapter 461 shall have displayed conspicuously on the site or as part of the program information specifying that the program is being financed by the state lottery. [Formerly 284.430 and then 461.710 in 1991]
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[Repealed or reserved.]
ORS 280.520 [1981 c.286 §1; 1983 c.41 §3; 1989 c.547 §2; 1989 c.908 §39; 1989 c.1085 §10; 1991 c.11 §4; renumbered 285.403 in 1991]
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[Repealed or reserved.]
ORS 280.522 [1981 c.286 §2; 1983 c.41 §4; 1989 c.908 §40; renumbered 285.405 in 1991]
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[Repealed or reserved.]
ORS 280.523 [1983 c.41 §2; 1989 c.908 §41; renumbered 285.407 in 1991]
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[Repealed or reserved.]
ORS 280.525 [1981 c.286 §3; 1983 c.41 §4a; 1989 c.908 §42; renumbered 285.410 in 1991]
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[Repealed or reserved.]
ORS 280.530 [1981 c.286 §4; repealed by 1983 c.41 §14]
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[Repealed or reserved.]
ORS 280.532 [1981 c.286 §5; 1983 c.41 §5; 1985 c.806 §8; 1987 c.769 §15; 1989 c.1015 §23; 1989 c.1043 §12; 1989 c.1085 §11; 1991 c.11 §18; 1991 c.67 §§69,70; 1991 c.878 §3; renumbered 285.413 in 1991]
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[Repealed or reserved.]
ORS 280.535 [1981 c.286 §6; 1983 c.41 §6; 1985 c.806 §9; 1989 c.908 §44; 1989 c.1085 §12; 1991 c.209 §§1,2; renumbered 285.415 in 1991]
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[Repealed or reserved.]
ORS 280.540 [1981 c.286 §7; 1983 c.41 §6a; 1985 c.806 §10; 1989 c.908 §45; renumbered 285.417 in 1991]
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[Repealed or reserved.]
ORS 280.542 [1981 c.286 §8; 1983 c.41 §7; renumbered 285.420 in 1991]
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[Repealed or reserved.]
ORS 280.545 [1981 c.286 §9; 1983 c.41 §7a; 1989 c.908 §47; renumbered 285.423 in 1991]
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[Repealed or reserved.]
ORS 280.547 [1989 c.455 §5; renumbered 285.425 in 1991]
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[Repealed or reserved.]
ORS 280.550 [1981 c.286 §10; 1989 c.908 §48; renumbered 285.427 in 1991]
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[Repealed or reserved.]
ORS 280.552 [1981 c.286 §11; 1983 c.41 §7b; 1989 c.908 §49; renumbered 285.430 in 1991]
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[Repealed or reserved.]
ORS 280.555 [1981 c.286 §12; 1989 c.908 §50; 1989 c.1085 §13; renumbered 285.433 in 1991]
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[Repealed or reserved.]
ORS 280.560 [1981 c.286 §13; 1983 c.41 §8; 1989 c.908 §51; renumbered 285.435 in 1991]
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[Repealed or reserved.]
ORS 280.565 [1981 c.286 §14; 1983 c.41 §9; 1989 c.908 §52; renumbered 285.437 in 1991]
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[Repealed or reserved.]
ORS 280.570 [1981 c.286 §15; 1983 c.41 §10; 1989 c.908 §53; renumbered 285.440 in 1991]
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[Repealed or reserved.]
ORS 280.575 [1981 c.286 §16; 1983 c.41 §11; 1983 c.459 §16; 1985 c.806 §15; 1989 c.908 §54; 1989 c.966 §15; 1989 c.1085 §14; renumbered 285.443 in 1991]
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[Repealed or reserved.]
ORS 280.580 [1981 c.286 §17; 1983 c.41 §12; renumbered 285.445 in 1991]
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[Repealed or reserved.]
ORS 280.585 [1981 c.286 §18; 1983 c.41 §13; renumbered 285.447 in 1991]
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[Repealed or reserved.]
ORS 280.610 [1977 c.839 §1; 1979 c.182 §9; repealed by 1987 c.769 §20]
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[Repealed or reserved.]
ORS 280.620 [1977 c.839 §2; repealed by 1987 c.769 §20]
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[Repealed or reserved.]