(1) The State Board of Forestry may request the State Treasurer to sell revenue bonds of the State of Oregon, to be known as Oregon forest development revenue bonds, in an amount authorized under ORS 286A.035. The bonds shall not constitute a general obligation of the state, nor be a lien on any of the lands acquired by the state under ORS 530.010.
(2) The bonds shall bear interest at a rate to be determined by the State Treasurer. [Amended by 1957 c.83 §16; 2007 c.783 §213a]
Section: Previous 530.080 530.090 530.100 530.110 530.115 530.120 530.130 530.140 530.150 530.160 530.170 530.210 530.220 530.230 530.240 NextLast modified: August 7, 2008