Oregon § 777.947 Limitation on annual issuance and aggregate amount of bonds in absence of elector approval

Oregon Statutes

§ 777.947 — Limitation on annual issuance and aggregate amount of bonds in absence of elector approval

Oregon § 777.947

Vol.19

Title 58Shipping and Navigation

Ch. 777Ports Generally

This text of Oregon § 777.947 (Limitation on annual issuance and aggregate amount of bonds in absence of elector approval) 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. § 777.947 (2026).

Text

(1)The total amount of general obligation bonds issued in any calendar year by the port without the approval of the electors of the port shall not exceed $500,000.

(2)The aggregate outstanding principal amount of general obligation bonds issued by the port without the approval of the electors of the port shall not at any time exceed $1.5 million.

(3)Nothing in this section applies to refunding bonds.

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(1) The total amount of general obligation bonds issued in any calendar year by the port without the approval of the electors of the port shall not exceed $500,000.
(2) The aggregate outstanding principal amount of general obligation bonds issued by the port without the approval of the electors of the port shall not at any time exceed $1.5 million.
(3) Nothing in this section applies to refunding bonds.