State Borrowing

ORS 286A.760
Definitions for ORS 286A

As used in ORS 286A.760 (Definitions for ORS 286A) to 286A.772 (Payment of bond-related costs), unless the context requires otherwise:


“Article XI-M bonds” means general obligation bonds or other general obligation indebtedness issued or incurred under the authority of Article XI-M of the Oregon Constitution.


“Bond administration fund” means the Article XI-M Bond Administration Fund established under ORS 286A.766 (Article XI-M Bond Administration Fund).


“Bond fund” means the Article XI-M Bond Fund established under ORS 286A.764 (Article XI-M Bond Fund).


“Bond-related costs” means:


The costs of paying the principal of, the interest on and the premium, if any, on Article XI-M bonds;


The costs and expenses of issuing, administering and maintaining Article XI-M bonds including, but not limited to, redeeming Article XI-M bonds and paying amounts due in connection with bond insurance, other credit enhancements or the administrative costs and expenses of the State Treasurer and the Oregon Department of Administrative Services, including costs of consultants or advisers retained by the State Treasurer or the department for the purpose of issuing, administering or maintaining Article XI-M bonds;


Capitalized interest on Article XI-M bonds;


Costs of funding reserves for Article XI-M bonds, including costs of surety bonds and similar instruments;


Rebates or penalties due the United States Government in connection with Article XI-M bonds; and


Other costs or expenses that the Director of the Oregon Department of Administrative Services determines are necessary or desirable in connection with issuing, administering or maintaining Article XI-M bonds.


“Plan and implement seismic rehabilitation” includes:


Surveying and conducting engineering evaluations of the need for seismic rehabilitation; and


Paying costs of personnel, advisors, equipment, supplies and services that are reasonably necessary to develop and carry out the seismic rehabilitation grant program described in ORS 401.910 (Grant program for seismic rehabilitation of certain facilities).


“Seismic fund” means the Education Seismic Fund established under ORS 286A.768 (Education Seismic Fund).


“State share of costs” means total costs minus contributions from applicants as required by the Oregon Business Development Department. [Formerly 286.760; 2013 c.782 §4; 2016 c.55 §1]


Last accessed
May 26, 2023