(1) Pursuant to ORS 287A.140, a public body shall levy taxes to pay the maturing interest and principal of advance refunding bonds that are general obligation bonds.
(2) Notwithstanding ORS 287A.140 or any other provision of law, a public body may not cause a tax to be levied to pay the maturing interest and principal of general obligation bonds that have been defeased as described in ORS 287A.195 (2), unless the amounts held to defease the bonds are insufficient. [2007 c.783 §59]
Section: Previous 287A.335 287A.340 287A.350 287A.360 287A.365 287A.370 287A.375 287A.380 287A.472 287A.474 287A.482 287A.484 287A.486 287A.488 287A.630 NextLast modified: August 7, 2008