State Borrowing

ORS 286A.118
Termination payment of conduit borrower

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With the approval of the State Treasurer, a related agency may lend moneys derived from an issuance and sale of bonds to a conduit borrower of proceeds from outstanding, previously issued conduit revenue bonds for the purpose of paying a termination payment due under an agreement for exchange of interest rates entered into by the conduit borrower in relation to the outstanding, previously issued conduit revenue bonds. [2009 c.538 §4]

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Last accessed
May 26, 2023

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State Borrowing

ORS 286A.118 Termination payment of conduit borrower

Source

ORS 286A.118
Termination payment of conduit borrower