Oregon Statutes - Chapter 289 - Oregon Facilities Financing
- 289.005 Definitions.
As used in this chapter, unless the context requires otherwise: (1) “Authority” means the Oregon Facilities Authority created by this chapter. (2) “Bonds” or “revenue...
- 289.010 Findings; purpose.
(1) The Legislative Assembly finds that by use of the powers and procedures described in this chapter for the assembling and financing of lands for...
- 289.100 Oregon Facilities Authority; members; qualifications; term.
(1) There is created a body politic and corporate to be known as the Oregon Facilities Authority. The authority is constituted a public instrumentality, and...
- 289.105 Official action to undertake project.
The undertaking of any eligible project must be requested by official action of the participating institution taken at a regular or duly called special meeting...
- 289.110 Duties and powers with respect to projects.
(1) In addition to any other powers granted by law, the state, acting through the State Treasurer or a designee of the State Treasurer, may:...
- 289.115 Functions.
In carrying out its duties under this chapter, the Oregon Facilities Authority, acting for and in behalf of the state as its duly authorized agency,...
- 289.120 Limitation on manner of operating project and expenditure of funds.
Except as provided in ORS 289.115 (2), the state shall not have power to operate any eligible project as a business or in any manner...
- 289.125 Rules; fees.
(1) The Oregon Facilities Authority shall adopt by rule standards by which to determine the eligibility of projects for bond financing pursuant to this chapter....
- 289.130 Oregon Facilities Authority Account.
The Oregon Facilities Authority Account is created separate and distinct from the General Fund. The account is an investment account for purposes of ORS 293.701...
- 289.200 Issuance of revenue bonds; role of State Treasurer; role of Oregon Facilities Authority; fees.
(1) If the State Treasurer determines that revenue bonds should be issued: (a) The State Treasurer may authorize and issue in the name of the...
- 289.205 Expenses of State Treasurer.
Reasonable administrative expenses of the State Treasurer shall be charged against bond proceeds or project revenues. [1989 c.820 §10; 2007 c.783 §115]
- 289.210 Refunding bonds.
The State Treasurer shall have the power, whenever the treasurer considers refunding expedient, to refund any bonds by the issuance of new bonds, whether the...
- 289.215 Validity of bonds not affected by other matters regarding facility.
The validity of bonds issued under this chapter shall not be dependent on nor be affected by the validity or regularity of any proceeding relating...
- 289.220 Covenants regarding bond issuance.
The official action authorizing the issuance of bonds under this chapter to finance or refinance in whole or in part, the acquisition, purchase, construction, reconstruction,...
- 289.225 Sources of bond repayment restricted; recitations in bonds.
(1) Revenue bonds issued under this chapter shall not: (a) Be payable from nor charged upon any funds other than the revenue pledged to the...
- 289.230 Actions by bondholders to enforce rights.
Subject to any contractual limitation binding upon the holders of any issue of revenue bonds, or a trustee therefor, including but not limited to the...
- 289.235 Loan of bond proceeds for projects; state not required to have ownership or leasehold interest.
The state, acting through the State Treasurer and the Oregon Facilities Authority, or either of them, may lend the proceeds of the bonds authorized by...
- 289.240 Report of bonding activities; rules.
(1) Within 90 days following the closing of each fiscal year, the Oregon Facilities Authority shall report on its operations to the Governor, State Treasurer...
Last modified: August 7, 2008