ORS 403.540
Authority for issuance of general obligation bonds and revenue bonds

  • issuance and sale

(1)

Whenever authorized by the electors of the district, the district board of a radio and data district may issue general obligation bonds of the district, not exceeding the principal amount stated in the notice of election and for the purpose therein named.

(2)

In addition to the authority to issue general obligation bonds, a district, when authorized by a majority of those voting at an election called for that purpose, may sell and dispose of revenue bonds, and pledge as security therefor all or any part of the unobligated net revenue of the district to purchase, acquire, construct, reconstruct or improve a facility, or to perform any of those acts in combination, for any authorized purpose. Revenue bonds shall be issued in the same manner and form as are general obligation bonds of the district, but they shall be payable, both as to principal and interest, from revenues only. Revenue bonds shall be payable solely from such part of the revenue of the district as remains after payment of obligations having a priority and of all expenses of operation and maintenance of the district, including any taxes levied against the district. All revenue bonds shall contain a clause reciting that both the principal and interest are payable solely from operating revenues of the district remaining after paying such obligations and expenses.

(3)

General obligation and revenue bonds must recite that they are issued under ORS 403.500 (Definitions for ORS 403.500 to 403.542) to 403.542 (Contracts with United States). All bonds shall be signed by the president of the district board and attested by the district administrator.

(4)

All general obligation and revenue bonds issued, including refunding bonds, shall be issued as prescribed in ORS chapter 287A. [2009 c.584 §17]

Source: Section 403.540 — Authority for issuance of general obligation bonds and revenue bonds; issuance and sale, https://www.­oregonlegislature.­gov/bills_laws/ors/ors403.­html.

403.100
Policy 403.105
Definitions for ORS 305.823 and 403.105 to 403.250 403.107
Authority to adjust definition 403.110
Liability 403.115
9-1-1 as primary emergency number 403.120
Oregon Department of Emergency Management duties and powers 403.130
9-1-1 jurisdiction plan 403.132
Provision of location of cellular device to law enforcement agency 403.135
When blocking of information prohibited 403.137
Operation of multiline telephone system 403.140
Pay phones to be converted to allow emergency calls without charge 403.145
Use of emergency communications system by users with hearing or speech impairments 403.150
Disaster recovery plan 403.155
Agreements among certain safety agencies for rendering emergency services 403.156
Response times during emergency 403.160
Mediation of disputes 403.165
Department to ensure compliance 403.170
Agreement with Confederated Tribes of Warm Springs Reservation of Oregon 403.200
Imposition of tax 403.202
Compensation of sellers of prepaid wireless telecommunications service 403.205
Exemptions 403.210
Duties of providers and sellers 403.215
Returns 403.217
Duties of consumers 403.220
Refunds 403.225
Amounts collected held in trust 403.228
Rules 403.230
Application of other laws 403.235
Emergency Communications Account 403.240
Distribution of account proceeds 403.245
Limitation on use of moneys 403.250
Primary public safety answering points 403.300
Definitions for ORS 403.300 to 403.380 403.305
Formation of emergency communications district 403.310
Officers of district 403.315
Application of ORS chapter 255 to district 403.320
Board as governing body of district 403.325
Election of board members at formation election 403.330
Changing number of board members 403.335
Continuing schedule of biennial elections after change in number of board members 403.340
Manner of electing board members 403.345
Election of board members 403.350
Changing manner of electing board members 403.355
Changing number and manner of electing board members at same election 403.360
General district powers 403.365
Authority to issue general obligation bonds 403.370
Levy of taxes 403.375
Boundaries of zones 403.380
Advisory committee 403.400
Legislative findings 403.405
Definitions for ORS 403.400 to 403.430 403.410
Public referral and information telephone number 403.420
Designated regional information centers 403.422
Access of telecommunications customers to 2-1-1 system 403.425
Use of 2-1-1 system by state agencies providing health and human services 403.430
Contributions to support 2-1-1 system 403.435
2-1-1 Account 403.445
Definitions 403.450
State Interoperability Executive Council 403.455
Duties of council 403.460
Statewide interoperability coordinator 403.465
Duties of State Chief Information Officer 403.500
Definitions for ORS 403.500 to 403.542 403.502
Application of election laws 403.505
Formation 403.507
Size of district board 403.510
Size of district board at formation 403.512
Election of district board after formation 403.515
Oath of office 403.517
District board as governing body 403.520
Methods of election 403.522
Boundaries of zones for district board members 403.525
General district powers 403.527
Levy of taxes 403.530
Deposit and disbursement of district moneys 403.532
County counsel to aid district board 403.535
Power to contract bonded indebtedness 403.537
Bond elections 403.540
Authority for issuance of general obligation bonds and revenue bonds 403.542
Contracts with United States
Green check means up to date. Up to date

Current through early 2024

§ 403.540’s source at oregon​.gov