Small Scale Local Energy Projects

ORS 470.620
Bond pledges

  • trustees

The bonds issued by the State Treasurer under ORS 470.610 (Issuance of bonds) and the energy revenue bond declaration may:

(1)

Pledge all or any part of the fees received by the State Department of Energy under ORS 470.655 (Project initiation fee) and all or any part of the moneys received in payment of energy efficiency and sustainable technology loans and small scale local energy program loans that are funded with revenue from bonds issued under ORS 470.610 (Issuance of bonds), interest on those amounts and other moneys credited to the Energy Project Bond Loan Fund.

(2)

Pledge any moneys, loans or grants received from the federal government, this state or any city, county or political subdivision of this state for payment of revenue bonds issued under ORS 470.610 (Issuance of bonds).

(3)

Vest in a trustee appointed by the Director of the State Department of Energy and approved by the State Treasurer such property, rights, powers and duties in trust as the director may determine. [2009 c.753 §24]
Source

Last accessed
May 30, 2023

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