(1) A public body may obtain a credit enhancement device and enter into related agreements.
(2) The public body may pay the provider of the credit enhancement device from the same sources that the public body may lawfully use to pay the related bonds or from any other legally available source.
(3) The public body may issue a bond to the provider of a credit enhancement device to secure the obligations of the public body or to pay amounts due to the provider. [2007 c.783 §52]
287A.345 State taxation of bond interest. Interest on bonds of a public body is exempt from personal income tax under ORS chapter 316. [2007 c.783 §65]Section: Previous 287A.180 287A.195 287A.300 287A.310 287A.315 287A.325 287A.335 287A.340 287A.350 287A.360 287A.365 287A.370 287A.375 287A.380 287A.472 Next
Last modified: August 7, 2008