Oregon Statutes - Chapter 287A - Local Government Borrowing - Section 287A.486 - Procedure.

(1) The county fiscal officer shall draw a master warrant in the amount of one or more claims referred to in ORS 287A.484, payable to any person who is willing to accept the master warrant, and such person shall, upon delivery of the master warrant duly indorsed “Not Paid for Want of Funds,” pay to the county treasurer the full amount for which the master warrant is drawn.

(2) The amount paid under subsection (1) of this section shall constitute a special fund to be used toward the payment of warrants issued under ORS 287A.484 by the county fiscal officer in payment of claims audited and approved and included in the amount of any master warrant issued to the person advancing such moneys. [Formerly 287.486]

Section:  Previous  287A.360  287A.365  287A.370  287A.375  287A.380  287A.472  287A.474  287A.482  287A.484  287A.486  287A.488  287A.630  287A.632  287A.634  287A.640  Next

Last modified: August 7, 2008