ORS 287A.105
Limitation on bonded indebtedness of county

(1)

A county may incur bonded indebtedness within the meaning of section 10, Article XI of the Oregon Constitution, by issuing revenue bonds when a county is expressly authorized to issue revenue bonds by a law other than this section. The amount of revenue bonds permitted by this section may not exceed the lesser of:

(a)

One percent of the real market value of all taxable property in the county, calculated as provided in ORS 308.207 (Computation of real market value for taxing or bonding limitations); or

(b)

A limitation on bonded indebtedness in the county charter.

(2)

The limitation on bonded indebtedness in subsection (1) of this section does not apply to revenue bonds issued to finance pension liabilities under ORS 238.692 (Definitions for ORS 238.692 to 238.698) to 238.698 (Funds diversion agreement) or any other law in effect prior to enactment of ORS 238.692 (Definitions for ORS 238.692 to 238.698) to 238.698 (Funds diversion agreement). [2007 c.783 §45]

Source: Section 287A.105 — Limitation on bonded indebtedness of county, https://www.­oregonlegislature.­gov/bills_laws/ors/ors287A.­html (accessed May 26, 2025).

287A.001
Definitions for ORS chapter 287A 287A.010
Powers conveyed to public bodies 287A.050
Authority of city to issue general obligation bonds 287A.100
Authority of county to issue general obligation bonds 287A.105
Limitation on bonded indebtedness of county 287A.140
Ad valorem tax levy to pay general obligation bonds 287A.145
Misspent proceeds of general obligation bonds 287A.150
Authority of public body to issue revenue bonds 287A.180
Short-term borrowing by public body 287A.195
Compliance with constitutional or statutory debt limits 287A.300
Terms and conditions of bond sales 287A.310
Definitions for ORS 287A.310 and 287A.315 287A.315
Pledge of full faith and credit and taxing power 287A.325
Covenants of public bodies regarding pledges 287A.335
Agreements for exchange of interest rates 287A.339
Termination payment of conduit borrower 287A.340
Credit enhancement devices 287A.343
Public body purchase of own bonds 287A.345
State taxation of bond interest 287A.350
Public records 287A.360
Current refunding bonds 287A.365
Advance refunding bonds and forward current refunding 287A.370
Proposed refunding plan for advance refunding bonds or forward current refunding 287A.375
Maximum amount of advance refunding bonds 287A.380
Tax levy to pay maturing general obligation advance refunding bonds 287A.472
Interest on municipal warrants not paid on presentation 287A.474
Warrants and checks more than two years old 287A.482
Definitions for ORS 287A.482 to 287A.488 287A.484
Master warrant procedure authorized if warrants would be not paid 287A.486
Procedure 287A.488
Taxes must be levied for payment of claims included in master warrant 287A.630
Oregon Municipal Debt Advisory Commission 287A.632
Meetings 287A.634
Powers and duties of commission 287A.640
Notice to commission of proposed issues

Current through early 2026

§ 287A.105. Limitation on bonded indebtedness of county's source at oregon​.gov