Transportation Financing

ORS 367.171
Indenture


An indenture under which grant anticipation revenue bonds are issued may provide for:

(1)

The pledging of all or a portion of the moneys described in ORS 367.173 (Moneys that may be used for payment of grant anticipation revenue bonds) to the payment of the principal, interest, premium, if any, or the bond debt service of revenue bonds issued under ORS 367.161 (Definitions for ORS 367.161 to 367.181) to 367.181 (Limits on obligation of grant anticipation revenue bonds);

(2)

Requirements concerning a particular series of revenue bonds issued under ORS 367.161 (Definitions for ORS 367.161 to 367.181) to 367.181 (Limits on obligation of grant anticipation revenue bonds);

(3)

Requirements concerning moneys described in ORS 367.173 (Moneys that may be used for payment of grant anticipation revenue bonds) and payment on outstanding revenue bonds issued under ORS 367.161 (Definitions for ORS 367.161 to 367.181) to 367.181 (Limits on obligation of grant anticipation revenue bonds);

(4)

A contractual undertaking for the benefit of bondholders concerning assessment, levy collection and deposit of moneys described in ORS 367.173 (Moneys that may be used for payment of grant anticipation revenue bonds);

(5)

Provisions concerning the registration of revenue bonds or the recording or filing of the indenture;

(6)

Provisions relating to a reserve account including, but not necessarily limited to, provisions related to the amount required for an account and provisions for replenishing the account from moneys described in ORS 367.173 (Moneys that may be used for payment of grant anticipation revenue bonds);

(7)

Provisions concerning trustees including, but not limited to:

(a)

Establishing funds, accounts or moneys described in ORS 367.173 (Moneys that may be used for payment of grant anticipation revenue bonds) over which the trustee will be custodian; and

(b)

Providing that a trustee will be appointed; or

(8)

Establishing the maturation date of the revenue bonds. [2003 c.201 §6; 2007 c.71 §99]

Source

Last accessed
Jun. 26, 2021