Oregon Statutes
§ 550.340 — General obligation bonds
Oregon § 550.340
JurisdictionOregon
Vol.15
Title 45Water Resources; Irrigation, Drainage, Flood Control, Reclamation
Ch. 550Urban Flood Safety and Water Quality District
This text of Oregon § 550.340 (General obligation 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. § 550.340 (2026).
Text
(1)(a) Upon approval of the electors of the urban flood safety and water quality district, the district may issue general obligation bonds. The district may not issue or have outstanding at the time of issuance general obligation bonds in a principal amount that exceeds two percent of the real market value of all taxable property in the district, calculated as provided under ORS 308.207.
(b)Bonds issued under this section may be issued solely for the purpose of financing:
(A)Capital construction or capital improvements within the meaning of Article XI, section 11, of the Oregon Constitution;
(B)Capital construction or improvements within the meaning of Article XI, section 11b, of the Oregon Constitution; or
(C)Capital costs within the meaning of Article XI, section 11L, of the Oregon C
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Related
§ 308.207
Oregon § 308.207
Legislative History
2019 c.621 §20
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Oregon § 550.340, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/550.340.