Oregon Statutes - Chapter 565 - Fairs and Exhibits - Section 565.095 - Issuance of revenue bonds; disposition of proceeds; security for bonds.

(1) In accordance with any applicable provisions of ORS chapter 286A, the State Parks and Recreation Director, with the approval of the State Parks and Recreation Commission, may request the State Treasurer to issue revenue bonds in an amount not to exceed $10 million.

(2) Moneys received from the issuance of revenue bonds may be expended for land acquisition, capital construction and improvements and for paying current operating and other expenses of the Oregon State Fair.

(3) Revenue bonds issued pursuant to this section shall be secured by revenues received by the director from activities conducted at the Oregon State Fair, and shall not be a general obligation of the State Parks and Recreation Department or the State of Oregon. [1985 c.675 §2; 1991 c.703 §49; 2005 c.777 §29; 2007 c.783 §221]

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Last modified: August 7, 2008