Oregon Statutes - Chapter 391 - Mass Transportation - Section 391.620 - Limitation on transfer of property rights.

The Oregon Mass Transportation Financing Authority shall not convey its right, title and interest in mass transit facilities to any district, prior to the time the bonds secured thereby are fully paid, unless the authority has determined that adequate provision has been made for the payment of principal, interest and premiums, if any, on the bonds as they become due. [1977 c.662 §14]

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Last modified: August 7, 2008