Local Government Borrowing

ORS 287A.486
Procedure

(1)

The county fiscal officer shall draw a master warrant in the amount of one or more claims referred to in ORS 287A.484 (Master warrant procedure authorized if warrants would be not paid), payable to any person who is willing to accept the master warrant, and such person shall, upon delivery of the master warrant duly indorsed “Not Paid for Want of Funds,” pay to the county treasurer the full amount for which the master warrant is drawn.

(2)

The amount paid under subsection (1) of this section shall constitute a special fund to be used toward the payment of warrants issued under ORS 287A.484 (Master warrant procedure authorized if warrants would be not paid) by the county fiscal officer in payment of claims audited and approved and included in the amount of any master warrant issued to the person advancing such moneys. [Formerly 287.486]
Source

Last accessed
Mar. 11, 2023

REMOVE ADS