Oregon Statutes - Chapter 351 - Higher Education Generally - Section 351.317 - Obligations under ORS 351.140 or 351.315 not indebtedness of state or board.

An obligation incurred under ORS 351.140 or 351.315 is not an indebtedness of the State of Oregon and does not create a general indebtedness of the State Board of Higher Education. A bond issued by the State Treasurer at the request of the board may be paid only from the property, income or revenues pledged to secure its payment. [Formerly 351.530; 2007 c.783 §145]

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Last modified: August 7, 2008