Municipal Utilities

ORS 225.260
Use of proceeds of bond issues

The proceeds of bond issues issued after June 6, 1931, by authority of charter provisions of the city for the purpose of creating, acquiring, building, improving, enlarging, altering or repairing the plant or system referred to by ORS 225.210 (Compliance with rate statutes) shall be used exclusively for the purposes for which such bonds were authorized and issued.


Last accessed
Jun. 26, 2021