Local Government Borrowing

ORS 287A.472
Interest on municipal warrants not paid on presentation


All warrants for payment of money issued by cities and other municipalities that are not paid upon presentation and so indorsed shall draw interest at the legal rate after such indorsements but municipalities may by proper resolution fix the rate at less than the legal rate and may make such interest payable semiannually. [Formerly 287.452]

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Last accessed
Jun. 26, 2021