Oregon § 287A.340 Credit enhancement devices

Oregon Statutes

§ 287A.340 — Credit enhancement devices

Oregon § 287A.340

Vol.7

Title 27Public Borrowing

Ch. 287ALOCAL GOVERNMENT BORROWING

This text of Oregon § 287A.340 (Credit enhancement devices) 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.340 (2026).

Text

(1)A public body may obtain a credit enhancement device and enter into related agreements.

(2)The public body may pay the provider of the credit enhancement device from the same sources that the public body may lawfully use to pay the related bonds or from any other legally available source.

(3)The public body may issue a bond to the provider of a credit enhancement device to secure the obligations of the public body or to pay amounts due to the provider.

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(1) A public body may obtain a credit enhancement device and enter into related agreements.
(2) The public body may pay the provider of the credit enhancement device from the same sources that the public body may lawfully use to pay the related bonds or from any other legally available source.
(3) The public body may issue a bond to the provider of a credit enhancement device to secure the obligations of the public body or to pay amounts due to the provider.