(1) The State Treasurer shall make payment of the principal of and the interest and redemption premium, if any, on any bond issued under ORS 470.220 to 470.290 from the sinking fund.
(2) The State Treasurer shall compute and determine in January of each year, after the sale of bonds under ORS 470.220 to 470.290, the amount of principal, interest and redemption premiums that will fall due during the year on bonds then outstanding and unpaid and shall maintain or hold in the sinking fund sufficient moneys to pay such maturing obligations. [1979 c.672 §§21,24; 2005 c.201 §12]
Section: Previous 470.180 470.190 470.200 470.210 470.220 470.225 470.230 470.240 470.250 470.260 470.270 470.280 470.290 470.300 470.310 NextLast modified: August 7, 2008