ORS 286A.762
Authority of State Treasurer to issue bonds

(1)

Article XI-M bonds are a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal of, the interest on and the premium, if any, on the Article XI-M bonds. The State of Oregon shall pledge its full faith and credit and taxing power to pay Article XI-M bonds, except that the ad valorem taxing power of the State of Oregon may not be pledged to pay Article XI-M bonds.

(2)

The State Treasurer, with the concurrence of the Director of the Oregon Business Development Department, may issue Article XI-M bonds as provided in this chapter, subject to the limit on bond issuance established for the particular biennium pursuant to ORS 286A.035 (Bond budget authorization) and at the request of the Director of the Oregon Department of Administrative Services, for the purpose of financing all or a portion of the state share of costs to plan and implement seismic rehabilitation of public education buildings in the amount of the state share of costs, plus an amount determined by the State Treasurer to pay estimated bond-related costs.

(3)

The State Treasurer shall transfer the net proceeds of Article XI-M bonds issued for the purpose described in subsection (2)(a) of this section to the Oregon Business Development Department for deposit in the Education Seismic Fund established under ORS 286A.768 (Education Seismic Fund). [Formerly 286.762; 2013 c.782 §5; 2017 c.9 §19]

Source: Section 286A.762 — Authority of State Treasurer to issue bonds, https://www.­oregonlegislature.­gov/bills_laws/ors/ors286A.­html (accessed May 26, 2025).

286A.001
Definitions for ORS chapter 286A 286A.003
State policy on debt management 286A.005
Authority of State Treasurer to issue bonds 286A.010
Information required by State Treasurer 286A.014
Fees and expenses of State Treasurer 286A.015
Payment of expenses of State Treasurer 286A.016
Disposition of charges 286A.025
Issuance and sale of bonds 286A.035
Bond budget authorization 286A.045
Borrowing for current expenses 286A.050
Short Term Borrowing Account 286A.055
Report by State Treasurer on amount of bonds issued, amounts repaid, costs and interest earned 286A.056
Cancellation or postponement of scheduled issuance of bonds 286A.095
Compliance with constitutional or statutory debt limit 286A.100
Definitions for ORS 286A.100 and 286A.102 286A.102
Lien of a pledge 286A.110
Agreements for exchange of interest rates 286A.118
Termination payment of pass-through revenue bond borrower 286A.120
Credit enhancement devices 286A.123
Agency purchase of own bonds 286A.130
Bond counsel services 286A.132
Debt-related advisory services 286A.140
State taxation of bond interest 286A.145
Federal taxation of bond interest 286A.160
Exception to expenditure limits for repaying obligations 286A.185
Cancellation, purchase or redemption of bonds 286A.190
Disclosure of bond ownership 286A.195
Financial audit of bond programs 286A.200
Administration of certain bond programs by Oregon Department of Administrative Services 286A.250
State Debt Policy Advisory Commission 286A.255
Functions and duties of commission 286A.560
Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711 286A.563
Purposes 286A.566
Requirements for legislation authorizing lottery bonds 286A.570
Lottery Bond Fund 286A.573
Lottery Bond Administrative Fund 286A.576
Allocation of lottery moneys for lottery bonds 286A.578
Litigation challenging legality of Oregon State Lottery 286A.580
Issuance of lottery bonds 286A.585
Lottery bonds for community sports facilities 286A.605
Definitions for ORS 286A.605 to 286A.625 286A.615
Private Activity Bond Committee 286A.620
Private activity bond volume cap 286A.625
State Treasurer to maintain records 286A.630
Reallocation of private activity bond cap 286A.700
Authority to issue baccalaureate bonds 286A.710
Definitions for ORS 286A.710 to 286A.720 286A.712
Authority of State Treasurer to issue bonds 286A.714
Article XI-D Bond Fund 286A.716
Article XI-D Bond Administration Fund 286A.718
Renewable Energy Fund 286A.720
Payment of bond-related costs 286A.730
Definitions for ORS 286A.730 to 286A.750 286A.735
Authority of State Treasurer to issue pension liability bonds 286A.740
Article XI-O Bond Fund 286A.745
Article XI-O Bond Administration Fund 286A.750
Terms and conditions of pension liability bonds 286A.760
Definitions for ORS 286A.760 to 286A.772 286A.762
Authority of State Treasurer to issue bonds 286A.764
Article XI-M Bond Fund 286A.766
Article XI-M Bond Administration Fund 286A.768
Education Seismic Fund 286A.772
Payment of bond-related costs 286A.780
Definitions for ORS 286A.780 to 286A.792 286A.782
Authority of State Treasurer to issue bonds 286A.784
Article XI-N Bond Fund 286A.786
Article XI-N Bond Administration Fund 286A.788
Emergency Services Seismic Fund 286A.792
Payment of bond-related costs 286A.796
Definitions for ORS 286A.796 to 286A.806 286A.798
Authority of State Treasurer to issue bonds 286A.800
School capital matching bond program 286A.801
Matching fund grants to school districts 286A.802
Article XI-P Bond Fund 286A.804
Article XI-P Bond Administration Fund 286A.806
School Capital Matching Fund 286A.808
Oregon School Capital Improvement Matching Account 286A.810
LEED certification of school projects financed with Article XI-P bonds 286A.816
Definitions for ORS 286A.816 to 286A.826 286A.818
Authority of State Treasurer to issue bonds 286A.820
Article XI-Q Bond Fund 286A.822
Article XI-Q Bond Administration Fund 286A.824
Article XI-Q bond program 286A.826
Budgeting for Article XI-Q project costs 286A.830
Definitions for ORS 286A.830 to 286A.863 286A.833
Authority of State Treasurer to issue Article XI-F(1) bonds 286A.836
Loan agreements for Article XI-F(1) bonds 286A.839
Article XI-F(1) Bond Fund 286A.842
Article XI-F(1) Bond Administration Fund 286A.845
Budgeting for Article XI-F(1) bonds 286A.848
Authority of State Treasurer to issue Article XI-G bonds 286A.851
Grant contracts for Article XI-G bonds 286A.854
Article XI-G Bond Fund 286A.857
Article XI-G Bond Administration Fund 286A.860
Budgeting for Article XI-G bonds 286A.863
Rules

Current through early 2026

§ 286A.762. Auth. of State Treasurer to issue bonds's source at oregon​.gov