ORS 285B.479
Nature of revenue bonds
(1)
Revenue bonds issued under ORS 285B.467 (Oregon Infrastructure Finance Authority to determine eligibility for revenue bond financing) to 285B.479 (Nature of revenue bonds):(a)
May not be payable from nor charged upon any funds other than the revenue pledged to the payment thereof, except as provided in this section, nor shall the state be subject to any liability thereon. No holder or holders of such bonds shall ever have the right to compel any exercise of the taxing power of the state to pay any such bonds or the interest thereon, nor to enforce payment thereof against any property of the state except those moneys pledged therefor in the Special Public Works Fund, under the provisions of ORS 285B.467 (Oregon Infrastructure Finance Authority to determine eligibility for revenue bond financing) to 285B.479 (Nature of revenue bonds).(b)
May not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the state, except those moneys paid to the Special Public Works Fund.(2)
A revenue bond issued under ORS 285B.467 (Oregon Infrastructure Finance Authority to determine eligibility for revenue bond financing) to 285B.479 (Nature of revenue bonds) does not constitute a debt of the State of Oregon or a lending of the credit of this state within the meaning of any constitutional or statutory limitation. [Formerly 285.750; 2001 c.883 §35; 2007 c.783 §105]
Source:
Section 285B.479 — Nature of revenue bonds, https://www.oregonlegislature.gov/bills_laws/ors/ors285B.html.
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