Oregon § 287A.380 Tax levy to pay maturing general obligation advance refunding bonds

Oregon Statutes

§ 287A.380 — Tax levy to pay maturing general obligation advance refunding bonds

Oregon § 287A.380

Vol.7

Title 27Public Borrowing

Ch. 287ALOCAL GOVERNMENT BORROWING

This text of Oregon § 287A.380 (Tax levy to pay maturing general obligation advance refunding 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. § 287A.380 (2026).

Text

(1)Pursuant to ORS 287A.140, a public body shall levy taxes to pay the maturing interest and principal of advance refunding bonds that are general obligation bonds.

(2)Notwithstanding ORS 287A.140 or any other provision of law, a public body may not cause a tax to be levied to pay the maturing interest and principal of general obligation bonds that have been defeased as described in ORS 287A.195 (2), unless the amounts held to defease the bonds are insufficient.

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(1) Pursuant to ORS 287A.140, a public body shall levy taxes to pay the maturing interest and principal of advance refunding bonds that are general obligation bonds.
(2) Notwithstanding ORS 287A.140 or any other provision of law, a public body may not cause a tax to be levied to pay the maturing interest and principal of general obligation bonds that have been defeased as described in ORS 287A.195 (2), unless the amounts held to defease the bonds are insufficient.