(1) If the Oregon Economic and Community Development Commission accepts a lien against any port districtís real or personal property as collateral required by ORS 285A.681, the commission shall file notice of the loan with the recording officer of each county in which is situated any real or personal property of the port district. The notice shall contain a description of the encumbered property, the amount of the loan, and a statement that loan payments are liens against such property.
(2) Upon payment of all amounts loaned to a port district pursuant to ORS 285A.666 to 285A.732, the commission shall file with each recording officer referred to in subsection (1) of this section, a satisfaction notice that indicates repayment of the loan. [Formerly 285.890]Section: Previous 285A.666 285A.669 285A.672 285A.675 285A.678 285A.681 285A.684 285A.687 285A.690 285A.693 285A.696 285A.699 285A.702 285A.705 285A.708 Next
Last modified: August 7, 2008