Oregon § 289.120 Limitation on manner of operating project and expenditure of funds

Oregon Statutes

§ 289.120 — Limitation on manner of operating project and expenditure of funds

Oregon § 289.120

Vol.7

Title 27Public Borrowing

Ch. 289Oregon Facilities Financing

This text of Oregon § 289.120 (Limitation on manner of operating project and expenditure of funds) 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. § 289.120 (2026).

Text

Except as provided in ORS 289.115 (2), the state shall not have power to operate any eligible project as a business or in any manner whatsoever. Nothing in this chapter authorizes the state to expend any funds on any eligible project, other than the revenues of such projects, or the proceeds of revenue bonds issued under this chapter, or other funds granted to the state for the purposes of an eligible project.

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Except as provided in ORS 289.115 (2), the state shall not have power to operate any eligible project as a business or in any manner whatsoever. Nothing in this chapter authorizes the state to expend any funds on any eligible project, other than the revenues of such projects, or the proceeds of revenue bonds issued under this chapter, or other funds granted to the state for the purposes of an eligible project.