State Financing of Elementary and Secondary Education

ORS 327.445
Custody of securities for loan

  • collection of interest

The Department of State Lands shall have custody of all notes, bonds and other securities covering secured loans made by it from any fund. The department shall take proper measures for the prompt collection of interest due on all loans from any such fund and place it to the credit of the fund from which the loan was made, to be paid out as provided by law. [Amended by 1965 c.532 §8]
§§ 327.403 to 327.484

Law Review Citations

69 OLR 295 (1990)


Last accessed
Jun. 26, 2021