Oregon § 465.612 Obligations of authority not obligations of local government; exception

Oregon Statutes

§ 465.612 — Obligations of authority not obligations of local government; exception

Oregon § 465.612

Vol.13

Title 36AHousing; Lottery and Games; Environment

Ch. 465Hazardous Waste and Hazardous Materials I

This text of Oregon § 465.612 (Obligations of authority not obligations of local government; exception) 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. § 465.612 (2026).

Text

(1)Except as provided in subsection (2) of this section, the debts, obligations and other liabilities of an authority are not a general or other obligation or liability of the local government that created the authority.

(2)A local government may incur debt, including the issuance of bonds under any bonding authority available to the local government, on behalf of an authority created by the local government and, by ordinance or resolution, deem a debt incurred under this subsection to be a general obligation of the local government and a charge upon its tax revenues.

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(1) Except as provided in subsection (2) of this section, the debts, obligations and other liabilities of an authority are not a general or other obligation or liability of the local government that created the authority.
(2) A local government may incur debt, including the issuance of bonds under any bonding authority available to the local government, on behalf of an authority created by the local government and, by ordinance or resolution, deem a debt incurred under this subsection to be a general obligation of the local government and a charge upon its tax revenues.