Oregon § 287A.339 Termination payment of conduit borrower

Oregon Statutes

§ 287A.339 — Termination payment of conduit borrower

Oregon § 287A.339

Vol.7

Title 27Public Borrowing

Ch. 287ALOCAL GOVERNMENT BORROWING

This text of Oregon § 287A.339 (Termination payment of conduit borrower) 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. § 287A.339 (2026).

Text

When a public body is authorized by law to issue bonds, the public body may lend moneys derived from an issuance and sale of bonds to a conduit borrower of proceeds from outstanding, previously issued conduit revenue bonds for the purpose of paying a termination payment required to be paid by the borrower under an agreement for exchange of interest rates entered into by the borrower in relation to the outstanding conduit revenue bonds.

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When a public body is authorized by law to issue bonds, the public body may lend moneys derived from an issuance and sale of bonds to a conduit borrower of proceeds from outstanding, previously issued conduit revenue bonds for the purpose of paying a termination payment required to be paid by the borrower under an agreement for exchange of interest rates entered into by the borrower in relation to the outstanding conduit revenue bonds.