Sewage Treatment and Disposal Systems

ORS 454.155
Refunding bonds


The governing body of every municipality by ordinance or resolution without prior approval of the electors may issue and exchange or sell refunding revenue bonds to refund, pay or discharge all or any part of its outstanding revenue bonds, including interest thereon, if any, in arrears or about to become due.


All other relevant provisions in ORS 454.105 (Definitions for ORS 454) to 454.175 (Agreements with industrial establishment) pertaining to revenue bonds shall be applicable to the refunding revenue bonds, including their terms and security, the rates and other aspects of the bonds. [Formerly 449.430]


Last accessed
Mar. 11, 2023