ORS 553.550
Loans

  • assignment of assessments as security for

A district may borrow money and secure repayment of the same by the assignment of any assessments theretofore levied. Whenever a levied assessment is assigned to secure the repayment of any sum of money borrowed, the assessment shall be paid to the assignee thereof or the agent of the assignee.

Source: Section 553.550 — Loans; assignment of assessments as security for, https://www.­oregonlegislature.­gov/bills_laws/ors/ors553.­html.

553.010
Definitions
553.020
Creation of water control districts
553.035
Application of election laws
553.070
Boundary change
553.090
Nature and powers of district
553.095
Entry upon land
553.105
Districts coterminous with 1969 districts
553.107
Effect of creation of districts under ORS 553.105
553.110
Vested water rights
553.210
Election of directors
553.220
Organization meeting
553.230
Powers and duties of board
553.240
County court as governing body
553.250
Authority to acquire and dispose of water works
553.270
Procedure on condemnation
553.280
Undertaking prior to entry as part of condemnation proceedings
553.290
Possession of land after commencement of proceedings
553.310
Creation of subdistrict
553.320
Engineering plan
553.330
Assessment for cost of works
553.340
Determination of benefits
553.350
Assessment of benefits and damages by appraisers
553.360
Hearing on report of appraisers
553.370
Reappraisal after construction of works
553.380
Reduction of benefits
553.510
Special assessments
553.520
Apportioning assessments
553.530
Disposition of funds received
553.535
Collection of charges and assessments by resolution of board
553.540
Assessments to be levied by order of board
553.550
Loans
553.560
Foreclosure of assessment
553.570
Withdrawal of land from foreclosure sale
553.580
Payment of state and county taxes by district
553.585
Claims
553.610
Assessments or taxes upon bond issue
553.615
Assessments by order of board
553.620
Ad valorem tax in lieu of assessment
553.623
Filing boundary change with county assessor and Department of Revenue
553.625
Levy and collection of tax authorized by ORS 553.620
553.630
Terms and conditions of bonds
553.635
Contract provisions for payment of government construction charges
553.640
Sale of bonds
553.643
Bond given for federal loan
553.645
Payment from annual taxes and assessments of bond-related amounts due government
553.650
Property liable for indebtedness of district
553.655
Bond elections in subdistricts
553.660
Tax or assessment as lien on property
553.665
Bond Fund
553.670
Process for issuance of bonds
553.710
Intergovernmental agreements
553.720
Manner of collecting tax
553.730
Limitation on tax levy
553.740
Issuance of warrants
553.750
Loan contracts with state or federal agencies
553.760
When land benefited by irrigation project
553.815
Judicial review of tax or assessment
553.850
Dissolution upon majority vote
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