Oregon § 450.115 Use of proceeds of bond sale

Oregon Statutes

§ 450.115 — Use of proceeds of bond sale

Oregon § 450.115

Vol.12

Title 36Public Health and Safety

Ch. 450Sanitary Districts and Authorities; Water Authorities

This text of Oregon § 450.115 (Use of proceeds of bond sale) 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. § 450.115 (2026).

Text

The proceeds of the sale of bonds shall be paid to the district. The proceeds shall be used for the purpose indicated in the order calling for election upon the question of the issuance of the bonds, and for no other purpose. However, if those purposes are entirely fulfilled, any remaining proceeds shall be used for payment of the principal and interest of the bonds.

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