§ 367.171 — Indenture

Oregon § 367.171

• Jurisdiction: Oregon
• Vol.: 10
• Title 31: Highways, Roads, Bridges and Ferries
• Ch. 367: Transportation Financing; Projects

Text

An indenture under which grant anticipation revenue bonds are issued may provide for:
(1) The pledging of all or a portion of the moneys described in ORS 367.173 to the payment of the principal, interest, premium, if any, or the bond debt service of revenue bonds issued under ORS 367.161 to 367.181;
(2) Requirements concerning a particular series of revenue bonds issued under ORS 367.161 to 367.181;
(3) Requirements concerning moneys described in ORS 367.173 and payment on outstanding revenue bonds issued under ORS 367.161 to 367.181;
(4) A contractual undertaking for the benefit of bondholders concerning assessment, levy collection and deposit of moneys described in ORS 367.173;
(5) Provisions concerning the registration of revenue bonds or the recording or filing of the indenture;
(6) Provisions relating to a reserve account including, but not necessarily limited to, provisions related to the amount required for an account and provisions for replenishing the account from moneys described in ORS 367.173;
(7) Provisions concerning trustees including, but not limited to:
(a) Establishing funds, accounts or moneys described in ORS 367.173 over which the trustee will be custodian; and
(b) Providing that a trustee will be appointed; or
(8) Establishing the maturation date of the revenue bonds.

Legislative History

2003 c.201 §6; 2007 c.71 §99