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2019 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 287A - Local Government Borrowing
Section 287A.339 - Termination payment of conduit borrower.
Universal Citation: OR Rev Stat § 287A.339 (2019)
When a public body is authorized by law to issue bonds, the public body may lend moneys derived from an issuance and sale of bonds to a conduit borrower of proceeds from outstanding, previously issued conduit revenue bonds for the purpose of paying a termination payment required to be paid by the borrower under an agreement for exchange of interest rates entered into by the borrower in relation to the outstanding conduit revenue bonds. [2009 c.538 §6]
Note: 287A.339 was added to and made a part of ORS chapter 287A by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
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