Oregon Statutes
§ 450.920 — Disposition of proceeds of sale of bonds
Oregon § 450.920
JurisdictionOregon
Vol.12
Title 36Public Health and Safety
Ch. 450Sanitary Districts and Authorities; Water Authorities
This text of Oregon § 450.920 (Disposition of proceeds of sale of 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. § 450.920 (2026).
Text
The proceeds of the sale of bonds shall be deposited with the county treasurer who is custodian of the funds of the authority and shall be placed by the county treasurer in the sanitary authority fund and credited to a special account or accounts which are designated for use for the particular purpose or purposes for which the bond proceeds are to be used. The proceeds of such bonds shall be used solely for the purpose or purposes indicated in the order calling for election upon the question of the issuance of the bonds and for no other purpose. However, the proceeds of the sale of the bonds may be used for payment of the principal and interest of such bonds and expenses of the formation of the authority.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Bear Creek Valley Sanitary Authority Ex Rel. Bashaw v. Hopkins
631 P.2d 808 (Court of Appeals of Oregon, 1981)
Legislative History
1955 c.614 §46
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Oregon § 450.920, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/450.920.