ORS 224.410
Authority to appoint receiver and withhold moneys from state sources on default

If any municipality fails to meet, when due, any obligation sold to the state under authority of ORS 224.310 (Definitions for ORS 224.310 to 224.420) to 224.420 (Duty of local treasurer to keep funds separate and withhold bond payments), the State Treasurer, with the approval of the circuit court of the county in which the major portion of the assessed valuation of the municipality is located, may appoint a receiver to operate the system. The receiver shall act in the capacity of receiver so long as the circuit court deems receivership necessary to protect the interests of the state and of the municipality. In order to insure prompt payment of interest or principal of bonds acquired by the State Treasurer pursuant to ORS 224.380 (Limitations on authority of State Treasurer to purchase bonds), the State Treasurer may withhold and apply to the payment of such obligations, any moneys which may accrue to the municipality from state sources. Moneys so withheld shall be repaid to the municipality when the funds with which to meet the obligations for the payment of which funds were withheld are paid by the municipality to the state. The right to withhold said moneys for the purpose provided in this section shall exist only so long as any of the sewage bonds of the municipality are owned by the state.

Source: Section 224.410 — Authority to appoint receiver and withhold moneys from state sources on default, https://www.­oregonlegislature.­gov/bills_laws/ors/ors224.­html.

224.010
Definitions for ORS 224.010 to 224.170 224.020
Authority of city to construct sewer system 224.030
Authority of city over water and waterways 224.040
Assessment of property 224.050
Rights of owners outside city limits 224.065
Writ of review 224.080
Record and effect of judgment 224.090
Assessment lien on property outside city limits 224.100
Records and indexes of transcripts 224.110
Enforcing liens on property outside city limits 224.120
Sale without foreclosure 224.130
Assessment of property in drainage district 224.140
Authority to control sewer system 224.150
Federal aid 224.160
Procurement of funds for construction 224.170
Certain laws and charter provisions applicable to property beyond city limits 224.232
Bond election 224.270
Validation of bond issues 224.310
Definitions for ORS 224.310 to 224.420 224.320
Municipalities eligible for state help in financing sewerage systems 224.330
Conditions precedent to financing application 224.340
Bonds 224.350
General powers of State Treasurer under ORS 224.310 to 224.420 224.370
Municipality or district not to issue other bonds 224.380
Limitations on authority of State Treasurer to purchase bonds 224.390
State Sewer Bond Revolving Fund 224.400
Approval by State Treasurer of rates, collection of charges and delinquent assessments 224.410
Authority to appoint receiver and withhold moneys from state sources on default 224.420
Duty of local treasurer to keep funds separate and withhold bond payments 224.450
Validation of revenue bonds issued by cities of less than 100,000 224.510
Sewage charge on water users
Green check means up to date. Up to date

Current through early 2024

§ 224.410’s source at oregon​.gov