Source: https://www.oregonlaws.org/ors/456.645
Timestamp: 2019-05-21 00:58:49
Document Index: 604166620

Matched Legal Cases: ['§11', '§2', '§9', '§39', '§3', '§256', '§200']

ORS 456.645 - Revenue bonds - 2017 Oregon Revised Statutes
2017 ORS Vol. 11 Chapter 456 Section 456.645
Defini­tions for ORS 456.515 to 456.725 and ORS chapter 458
456.548
Defini­tions for ORS 456.548 to 456.725
456.550
456.555
Housing and Community Services Depart­ment es­tab­lished
Loans, grants and funding awards
456.562
Depart­ment intellectual prop­erty
456.567
456.569
Authority of Housing and Community Services Depart­ment to require fingerprints
456.571
Powers and duties of council
456.572
456.576
Self-Sufficiency Housing Fund
456.579
Mobile Home Parks Purchase Account
456.581
456.582
456.585
Agriculture workforce housing in­for­ma­­tion
456.587
Electricity Public Purpose Charge Fund
456.594
Oil-Heated Dwellings Energy Account
456.599
456.605
456.607
Rent Guarantee Program Fund
456.723
Legislative finding on bonding authority of depart­ment
2017 ORS 456.645¹
(1) The State Treasurer, at the request of the Housing and Community Services Department, from time to time, may issue and sell bonds in the name of and on behalf of the State of Oregon in compliance with the applicable provisions of ORS chapter 286A in the principal amount the department considers necessary to carry out the purposes of ORS 456.548 (Definitions for ORS 456.548 to 456.725) to 456.725 (Discrimination against purchaser with children prohibited), or for paying or refunding any bonds previously issued by the department for such purposes.
(2) All bonds shall be special revenue obligations of the State of Oregon, and, unless paid from the proceeds of other bonds, shall be payable as to principal, redemption premium, if any, and interest, solely from the revenues, assets or funds in the Housing Finance Fund as may be pledged therefor, subject to existing agreements with the holders of any bonds, in accordance with any housing finance bond declaration. Bonds may be paid from any source available under ORS 456.515 (Definitions for ORS 456.515 to 456.725 and ORS chapter 458) to 456.725 (Discrimination against purchaser with children prohibited), including but not limited to:
(a) From the income and revenues of the housing project or projects financed with the proceeds from the sale of such bonds or with such proceeds together with other moneys available to the department under ORS 456.548 (Definitions for ORS 456.548 to 456.725) to 456.725 (Discrimination against purchaser with children prohibited) or other moneys or grants from the federal government in aid of such projects.
(b) From the income and revenues of certain designated housing projects, whether or not financed with the proceeds from the sale of such bonds, if such housing projects were financed with moneys available to the department under ORS 456.515 (Definitions for ORS 456.515 to 456.725 and ORS chapter 458) to 456.725 (Discrimination against purchaser with children prohibited).
(c) From funds held in a capital or other reserve account.
(d) From such other funds as deemed adequate in fulfilling the purposes of ORS 456.515 (Definitions for ORS 456.515 to 456.725 and ORS chapter 458) to 456.725 (Discrimination against purchaser with children prohibited).
(e) From the revenues of the department under ORS 456.515 (Definitions for ORS 456.515 to 456.725 and ORS chapter 458) to 456.725 (Discrimination against purchaser with children prohibited), generally.
(3) The department shall maintain accounting records and shall prepare annual financial statements for distribution to existing and potential bond purchasers. [1973 c.828 §11; 1975 c.154 §2; 1979 c.327 §9; 1981 c.660 §39; 1983 c.519 §3; 1995 c.79 §256; 2007 c.783 §200]