ORS 268.520
Authority to issue and sell general obligation bonds

(1)

For the purpose of performing any service that the district has power to perform, the district, when authorized at any properly called election held for such purpose, shall have the power to borrow money by the issuance and sale of general obligation bonds. Such bonds shall never exceed in the aggregate 10 percent of the real market value of all taxable property within the district computed in accordance with ORS 308.207 (Computation of real market value for taxing or bonding limitations). The bonds shall be so conditioned that the district shall promise and agree therein to pay the bearer at a place named therein, the principal sum with interest at a rate named therein payable semiannually in accordance with the tenor and terms of the interest coupons attached. The bonds shall mature serially not to exceed 30 years from the date of issue.

(2)

All general obligation bonds shall be issued as prescribed in ORS chapter 287A. [1969 c.700 §19; 1977 c.782 §7; 1983 c.347 §21; 1991 c.459 §370; 2007 c.783 §87]

Source: Section 268.520 — Authority to issue and sell general obligation bonds, https://www.­oregonlegislature.­gov/bills_laws/ors/ors268.­html.

Attorney General Opinions

Authority of district to borrow waste disposal planning funds from Environmental Quality Commission, (1972) Vol 35, p 1117

268.010
Short title 268.020
Definitions 268.030
Purpose of chapter 268.040
Exemption from public utility regulation 268.060
Costs of elections 268.220
Employees’ rights when district assumes a function of another public corporation, city or county 268.230
District to protect employees’ rights when an operating public transportation system is acquired 268.240
PERS membership for specified classes of district employees 268.300
Existence, status and general powers of district 268.310
Powers of district 268.313
Acquisition or construction of major facility 268.315
Authority of district to levy ad valorem tax 268.317
Solid and liquid waste disposal powers 268.318
District approval required for disposal, transfer or resource recovery site or facility 268.319
Reuse and recycling of electronic products 268.320
Elector approval of district actions 268.330
Powers when providing local aspects of service 268.340
Acquisition of property 268.343
Validation of certain easements acquired by district 268.345
Limitation on condemnation power for certain facilities 268.347
Boundary change within district and urban reserves 268.351
Definitions for ORS 268.347 and 268.354 268.354
Boundary change procedures 268.357
Authority to sell certain information 268.360
Authority to exercise police power 268.370
Authority to take over transit system of mass transit district 268.380
Land-use planning goals and activities 268.385
District as regional planning coordinator 268.390
Planning for activities and areas with metropolitan impact 268.393
Land use planning ordinance 268.500
Levy, collection, enforcement of ad valorem taxes 268.503
Vehicle registration fees 268.505
Income tax 268.507
Excise taxes 268.520
Authority to issue and sell general obligation bonds 268.525
Refunding bonds 268.530
Bond elections 268.590
Credit enhancement of district bonds and other obligations 268.600
Issuance of revenue bonds 268.610
Ordinance authorizing revenue bonds 268.620
Form and content of bonds 268.630
Borrowing in anticipation of bond sale 268.640
Sale of revenue bonds 268.650
Bonds as obligation of a political subdivision 268.660
Effect of ORS 268.600 to 268.660 268.710
Electors of county may adopt, amend, revise or repeal district charter 268.990
Penalties
Green check means up to date. Up to date

Current through early 2024

§ 268.520’s source at oregon​.gov