ORS 777.590: Authority to issue and sell revenue bonds; leasing property and pledging revenues.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) ORS 777.560 to 777.590 are complete authority for the issuance and sale of revenue bonds and refunding revenue bonds. Any restrictions, limitations, conditions or procedure provided by other statutes relating to issuance and sale of bonds or other obligations do not apply to the issuance and sale of revenue bonds and refunding revenue bonds under ORS 777.560 to 777.590. (2) The lease of any property of the port and the pledging of revenues therefrom to the payment of the costs and expenses enumerated by ORS 777.560, and to the payment of principal and interest on bonds issued and sold under ORS 777.560 to 777.590, shall be considered to further the public interest within the meaning of ORS 271.310. [1955 c.423 §8; 1959 c.337 §7; 1965 c.223 §8; 1971 c.728 §91; 2005 c.443 §27] (Special Elections)
This rule cites
- ORS 777.560 — resolved
- 777.590 — resolved
- ORS 271.310 — resolved
Cited by
- ORS 777.250: Port powers with respect to development and use of its lands; industrial or research and development parks; sports, recreation, convention, trade show facilities.
- ORS 777.560: Ports may issue and sell revenue bonds; use of proceeds.
- ORS 777.565: Resolution or ordinance authorizing revenue bonds and creating special trust fund.
- ORS 777.570: Form of bonds.
- ORS 777.585: Refunding revenue bonds.
- ORS 777.770: Additional fiscal powers of export trading corporation.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors777.html