Oregon Statutes - Chapter 328 - Local Financing of Education - Section 328.321 - Definitions for ORS 328.321 to 328.356.

As used in ORS 328.321 to 328.356:

(1) “Common School Fund” means the state school fund described in section 2, Article VIII, Oregon Constitution.

(2) “General obligation bond” has the meaning given that term in ORS 287A.001.

(3) “Paying agent” means the corporate paying agent selected by the school district board for a school bond issue who is:

(a) Duly qualified; and

(b) Acceptable to the State Treasurer.

(4) “School bond” means any general obligation bond issued by a school district.

(5) “School district” means a common or union high school district, an education service district or a community college district.

(6) “State bonds” means those general obligation bonds issued by the State of Oregon to meet its obligations under the state guaranty as described in ORS 328.351.

(7) “State guaranty” means the pledge of the full faith and credit and taxing power of the State of Oregon to guarantee payment of eligible school bonds as set forth in ORS 328.321 to 328.356. [1997 c.614 §2; 1999 c.251 §1; 2007 c.783 §131]

Note: 328.321 to 328.361 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 328 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

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Last modified: August 7, 2008