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Oregon Revised Statutes Shipping and Navigation § 777.947

Current as of January 01, 2023 | Updated by Findlaw Staff

(1) The total amount of general obligation bonds issued in any calendar year by the port without the approval of the electors of the port shall not exceed $500,000.

(2) The aggregate outstanding principal amount of general obligation bonds issued by the port without the approval of the electors of the port shall not at any time exceed $1.5 million.

(3) Nothing in this section applies to refunding bonds.

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Cite this article: FindLaw.com - Oregon Revised Statutes Shipping and Navigation § 777.947 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-58-shipping-and-navigation/or-rev-st-sect-777-947/

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