ORS 541.800: Payment of bond principal and interest from Water Development Administration and Bond Sinking Fund.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) The State Treasurer shall make payment of the principal of and the interest on any bond issued under ORS 541.780 to 541.815 from the Water Development Administration and Bond Sinking Fund. (2) The State Treasurer shall compute and determine in January of each year, after the sale of bonds under ORS 541.780 to 541.815, the amount of principal and interest which will fall due during such year on bonds then outstanding and unpaid and shall maintain or hold in the Water Development Administration and Bond Sinking Fund sufficient moneys to pay such maturing obligations. [1977 c.246 §§23,26]
Administrative rules citing this section
- OAR 690-090-0010: Definitions — implements
- OAR 690-090-0015: Eligibility: Applicant and Project — implements
- OAR 690-090-0018: Authority of Director — implements
- OAR 690-090-0019: Loan Advisory Board — implements
- OAR 690-090-0035: Notice and Public Meetings — implements
- OAR 690-090-0045: Issuance of Bonds — implements
This rule cites
- ORS 541.780 — resolved
- 541.815 — resolved
Cited by
No inbound citations found.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors541.html