Oregon § 286A.836 Loan agreements for Article XI-F(1) bonds

Oregon Statutes

§ 286A.836 — Loan agreements for Article XI-F(1) bonds

Oregon § 286A.836

Vol.7

Title 27Public Borrowing

Ch. 286ASTATE BORROWING

This text of Oregon § 286A.836 (Loan agreements for Article XI-F(1) bonds) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 286A.836 (2026).

Text

Prior to the sale of any Article XI-F(1) bonds, except for refunding bonds, a public university and the Higher Education Coordinating Commission shall enter into a loan agreement that includes:

(1)A representation by the public university that it has revenue sufficiency for the Article XI-F(1) bonds;

(2)A loan repayment schedule and a covenant of the public university to make all required loan repayment schedule payments to the commission prior to the date any bond debt service payments are due on the Article XI-F(1) bonds that financed the loan;

(3)Terms and conditions obligating the public university to maintain any federal tax benefits related to the Article XI-F(1) bonds and to execute and deliver any required tax certificates or agreements in connection with any federal tax benefit

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Prior to the sale of any Article XI-F(1) bonds, except for refunding bonds, a public university and the Higher Education Coordinating Commission shall enter into a loan agreement that includes:
(1) A representation by the public university that it has revenue sufficiency for the Article XI-F(1) bonds;
(2) A loan repayment schedule and a covenant of the public university to make all required loan repayment schedule payments to the commission prior to the date any bond debt service payments are due on the Article XI-F(1) bonds that financed the loan;
(3) Terms and conditions obligating the public university to maintain any federal tax benefits related to the Article XI-F(1) bonds and to execute and deliver any required tax certificates or agreements in connection with any federal tax benefits related to the Article XI-F(1) bonds; and
(4) Terms and conditions indemnifying the State of Oregon against regulatory or bondholder liability due to the action or inaction of the public university related to the Article XI-F(1) bonds.