Municipal Utilities

ORS 225.490
Use of municipal money or property

  • revenue bonds


Any city of this state participating in common facilities under ORS 225.450 (Definitions for ORS 225.450 to 225.490) to 225.490 (Use of municipal money or property) may furnish money and provide property, both real and personal, and to the extent and in the manner provided by its charter issue and notwithstanding any other provision of law, sell, either at public or privately negotiated sale, revenue bonds pledging revenues of its electric system and its interest or share of the revenues derived from the common facilities and any additions or betterments thereto, in order to pay its respective share of the cost of the planning, financing, acquisition and construction thereof. All moneys paid or property supplied by any such city for the purpose of carrying out the powers conferred by ORS 225.450 (Definitions for ORS 225.450 to 225.490) to 225.490 (Use of municipal money or property) are declared to be for a public purpose. [1967 c.603 §6; 1969 c.341 §1; 1999 c.865 §37]
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§§ 225.450 to 225.490

Notes of Decisions

If cities and PUDs otherwise had authority to enter Participants' Agreement with WPPSS, enactment of Thermal Power Facilities Act did not supersede or restrict that authority, except for policy against financing another participant's share. DeFazio v. WPPSS, 296 Or 550, 679 P2d 1316 (1984)


Source

Last accessed
Jun. 26, 2021