ORS 470.180: Withholding of state funds due to municipal corporation that defaults on loan.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
In addition to any other remedy available to the State Department of Energy, if a municipal corporation entitled by law to share in the apportionment of any state revenues or funds defaults on any payments due to the State of Oregon under a loan contract entered into under ORS 470.150, the State Department of Energy may certify that fact to the Oregon Department of Administrative Services and the Oregon Department of Administrative Services shall withhold payment of any revenues or funds in the State Treasury to which the municipal corporation is entitled, in an amount not to exceed the balance owing on the loan, until the State Department of Energy certifies that the default has been remedied. [1979 c.672 §10; 1987 c.365 §4]
Administrative rules citing this section
This rule cites
- ORS 470.150 — resolved
Cited by
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors470.html