(1) Each local government, through its governing body, may provide, by such ordinances, rules and regulations as may be needed, for accepting rebonding applications, issuing bonds and otherwise carrying out the terms of ORS 223.705 to 223.750; and may, by such ordinance and in conformity with ORS 223.715, determine the interest rate to be charged property owners who apply to rebond liens as provided by those sections.
(2) No error or omission in rebonding liens shall invalidate or impair the original bonded lien. [Amended by 1991 c.902 §84; 2003 c.802 §58]
Section: Previous 223.715 223.720 223.725 223.730 223.735 223.740 223.745 223.750 223.755 223.760 223.765 223.770 223.775 223.785 223.805 NextLast modified: August 7, 2008