(1) At the request of the Economic and Community Development Department, the State Treasurer may issue under ORS 285B.320 to 285B.371 and ORS chapter 286A bonds secured by revenues from eligible economic development projects or from other financing sources to finance or refinance in whole or part the cost of acquisition, construction, reconstruction, improvement or extension of projects. The bonds shall be identified by project. Refunding bonds may be issued to refinance such bonds.
(2) The department or the State Treasurer may appoint bond counsel as prescribed under ORS 286A.130.
(3) Any escrow agent, bond registrar, paying agent or trustee, if any, designated to carry out all or part of the powers specified in ORS 285B.335 must agree to furnish financial statements and audit reports for each bond issue. [Formerly 285.350; 1999 c.509 §36; 2001 c.536 §1; 2003 c.167 §13; 2003 c.794 §240; 2007 c.783 §99]
Section: Previous 285B.323 285B.326 285B.329 285B.332 285B.335 285B.338 285B.341 285B.344 285B.347 285B.350 285B.353 285B.356 285B.359 285B.362 285B.365 NextLast modified: August 7, 2008