There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 13 - Water Resources, Agriculture and Food
Chapter 553 - Water Control Districts
Section 553.550 - Loans; assignment of assessments as security for.
OR Rev Stat § 553.550 (2015) What's This?
A district may borrow money and secure repayment of the same by the assignment of any assessments theretofore levied. Whenever a levied assessment is assigned to secure the repayment of any sum of money borrowed, the assessment shall be paid to the assignee thereof or the agent of the assignee.
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