ORS 470.615
Payment of bonds

(1)

Revenue bonds issued under ORS 470.610 (Issuance of bonds) do not constitute a debt, liability or general obligation of this state or any political subdivision of this state or a pledge of the faith and credit of this state or any political subdivision of this state, but shall be payable solely from the revenues, moneys and other assets of the Energy Project Bond Loan Fund and the Energy Project Supplemental Fund that are pledged to the repayment in the energy revenue bond declaration.

(2)

Each revenue bond issued under ORS 470.610 (Issuance of bonds) shall contain on the face of the bond a statement that the department is not obligated to pay the bond or the interest on the bond except from the revenues or assets pledged for those payments and that neither the faith and credit nor the taxing power of this state or any political subdivision of this state is pledged to the payment of the principal of or the interest on the bond.

(3)

A utility or sustainable energy project manager is not liable for the payment of the principal of or the interest on any bond issued under this section. [2009 c.753 §23]

Source: Section 470.615 — Payment of bonds, https://www.­oregonlegislature.­gov/bills_laws/ors/ors470.­html.

470.050
Definitions 470.060
Application for financing 470.065
Confidentiality of information provided by or on behalf of applicant 470.070
Small Scale Local Energy Project Advisory Committee 470.080
Standards for small scale local energy projects 470.090
Approval or rejection of project financing by director 470.100
Committee review of rejection or approval in different amount 470.110
Gifts credited to Small Scale Local Energy Project Loan Fund 470.120
Limit on loan to amount not funded by other sources 470.130
Appropriation of Small Scale Local Energy Project Loan Fund 470.135
Administration of small scale local energy project loan program funds and accounts 470.140
Rulemaking authority 470.145
State Department of Energy to develop marketing plan 470.150
Loan contract 470.155
Loan contract in form of intergovernmental agreement 470.160
Payment from loan funds 470.170
Security for loan 470.180
Withholding of state funds due to municipal corporation that defaults on loan 470.190
Remedies 470.200
Refinancing of project 470.210
Municipal corporation may enter into loan contract 470.220
Issuance of bonds 470.225
Procedure for bond issuance 470.230
Bond proceeds credited to Small Scale Local Energy Project Loan Fund 470.240
General obligation bonds to include promise to pay principal amount 470.270
General obligation refunding bonds 470.280
General obligation bond repayment from sinking fund 470.290
Bond indebtedness limited to constitutional limit 470.300
Small Scale Local Energy Project Administration and Bond Sinking Fund 470.310
Procedure if sinking fund inadequate 470.500
Goals 470.505
Delay or suspension of program 470.510
State Department of Energy may enter contracts for loan issuance 470.515
Rules 470.520
State Department of Energy may contract for performance of duties 470.525
Quarterly report 470.530
Qualifications 470.535
Applications for certification as project manager 470.540
State Department of Energy to notify unsuccessful applicants 470.545
Appeal of certification decision 470.550
Term of certification of project manager 470.555
Project managers 470.560
Rules 470.565
Loan applicant request for energy savings projection 470.570
Energy Project Supplemental Fund 470.575
Jobs, Energy and Schools Fund 470.580
Energy Project Bond Loan Fund 470.585
Energy Revenue Bond Repayment Fund 470.590
Proposals 470.595
Investment with financial manager 470.600
State Department of Energy may enter agreements to disburse supplemental capital funds 470.605
Local governments may direct moneys to certain funds to finance loans 470.610
Issuance of bonds 470.615
Payment of bonds 470.620
Bond pledges 470.630
Form of disbursement 470.635
Requirement for energy savings projection 470.640
Amount of loans 470.645
Application for loan 470.650
Residential small scale local energy projects 470.655
Project initiation fee 470.660
Investor-owned utilities 470.665
Consumer-owned utilities 470.670
Repayment requirement for customer served by electric utility and gas utility 470.675
Cost eligibility for ratemaking purposes 470.680
State Department of Energy to identify forms of acceptable security 470.685
Recording liens 470.690
Avoidance of foreclosure 470.695
Sale of real property 470.700
Use of loan offset grant moneys 470.710
Apprenticeship and job training 470.715
Costs of adopting rules 470.720
Loan program information to be provided by utilities 470.800
Clean Energy Deployment Fund 470.805
Renewable Energy Development Subaccount 470.810
Clean energy deployment program 470.815
School district projects
Green check means up to date. Up to date

Current through early 2024

§ 470.615’s source at oregon​.gov