20 chapters · 1,527 sections in this title.
ORS 450.115 Use of proceeds of bond sale
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The proceeds of the sale of bonds shall be paid to the district. The proceeds shall be used for the purpose indicated in the order calling for election upon the question of the issuance of the bonds, and for no other purpose. However, if those purposes are entirely fulfilled, any…
ORS 450.120 Debt limitations
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The total outstanding district bonds of all types, including improvement bonds of the kind authorized by ORS 223.205 and 223.210 to 223.295, shall at no time exceed in the aggregate 13 percent of the real market value of all taxable property within the district, computed in accor…
ORS 450.125 Payment of bonds; issuance of improvement bonds
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(1) All general obligation and revenue bonds shall be paid within a period of 30 years and in annual installments of such amounts as will make the combined amount of principal and interest payable each year as nearly equal as practicable during the years of payment. (2) Improveme…
ORS 450.130 Sewer service charges; collection and enforcement
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(1) The sanitary board may enact ordinances levying sewer service charges within the district, for the purpose of financing the construction, operation and maintenance of the sewage collection and disposal system. (2) The board may contract with any city or district serving water…