There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 06 - Local Government, Public Employees, Elections
Chapter 225 - Municipal Utilities
Section 225.250 - Application of earnings.
OR Rev Stat § 225.250 (2015) What's This?
The earnings of the electric plant or distributing system shall be applied and used in payment of warrants and interest thereon issued in connection with operation of any such plant or system, and also in payment for alterations, improvements, additions or extensions and for redemption and retirement of outstanding bonds, together with interest thereon, and shall be expended only in connection with and for improving such plant or system and not for other municipal purposes, except as otherwise provided in ORS 225.270.
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