reglab/housing_qa huggingface dataset:
OR Rev Stat § 777.485 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.485 - Compromise and refunding agreements; contents; subsequent procedure; effect.

(1) A board may enter into agreement with the holders of its outstanding indebtedness providing for compromise of the indebtedness and the refunding thereof by the issuance of bonds under ORS 777.455. An agreement may provide for the amount of refunding bonds to be issued, the interest rate the bonds are to bear, the dates of maturity of the bonds and the amount of money to be raised by taxes each year to pay the principal of and interest on the bonds. When an agreement is entered into, a port shall have complete authority to issue bonds in accordance therewith. (2) The board may provide in the ordinance authorizing such refunding bonds: (a) For setting aside a sinking or other fund into a special trust fund for payment of the bonds. (b) For the pledging of taxes and other revenues directly to the payment of the principal of or interest on the bonds or to the sinking fund. (c) For limitations on subsequent borrowings by the port either in the nature of permanent debt or temporary financing. (d) For limitations on the amounts of appropriations in subsequent budgets for operating expenses. (3) A port has all necessary authority to carry out the terms and conditions so included in any such ordinance. The validity of the refunding bonds, however, shall not be dependent upon nor affected by the validity or regularity of the ordinance provisions enumerated in subsection (2) of this section. [Amended by 1971 c.728 §84]
OR Rev Stat § 777.500 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.500 - Advertisement of bonds; bids; rejection of bids; readvertisement; time of sale limited.

(1) Refunding bonds shall be advertised for sale at least once each week for not less than two successive weeks in a newspaper of general circulation published within the port or, if there is no such newspaper, then in a newspaper published in the county in which the port is located. (2) All bids for such bonds shall be in writing and be sealed and, unless the sale is made to the sinking fund of the particular port or to the State of Oregon, shall be accompanied by a certified check or a cashier’s check upon a bank doing business in this state for an amount of not less than two percent of the par value of the bonds for which the bid is submitted. Bids shall be opened publicly at the time and place specified in the advertisement. The bonds shall be sold for cash. (3) If the bids for the purchase of the bonds are not satisfactory, the board may reject any and all of the bids and may readvertise for bids in the manner provided by this section. (4) The date of sale shall not precede by more than four months the first succeeding date upon which the bonds to be refunded thereby will mature or may be called, redeemed or otherwise retired. [Amended by 1971 c.728 §79; 1981 c.94 §55]
OR Rev Stat § 777.505 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.505 - Delivery of bonds to purchaser; deposit of sale proceeds; redemption and retirement of refunded bonds.

(1) Refunding bonds, upon payment therefor in cash, may be delivered to the purchaser thereof at any time after sale date, but not later than the date as of which the refunded bonds have been called for payment. The bonds shall be delivered at the place in the State of Oregon designated by the board in the notice of sale of the bonds. (2) Proceeds of sale of the bonds equal to the total par value of the bonds refunded shall be deposited at the fiscal agency mentioned in ORS 777.460 in conformity with the laws relating to deposits of funds with the fiscal agency or, at the option of the issuing port, pursuant to ORS 295.001 to 295.108, in a special trust account to be used solely for the payment of the principal of the outstanding refunding bonds and for no other purpose. (3) The outstanding refunded bonds shall be redeemed and retired as soon as possible after the date of sale of the refunding bonds issued in lieu thereof, but in no case shall such refunding bonds be invalidated by reason of the failure of the port to redeem or retire the refunded bonds. [Amended by 1967 c.451 §29; 1971 c.728 §80]
OR Rev Stat § 777.510 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.510 - Port warrants; execution; contents.

A port board may issue warrants drawn upon any officer designated the custodian of money belonging to or credited to the port. Warrants shall be signed by the treasurer and countersigned by the president of the port or in the absence or inability of the president to act, by the vice president. Warrants shall show upon their face the nature and extent of the obligation satisfied. They may be used in payment of any obligation of the port, including expenses of operation, payment of the principal amount of port bonds at their maturity and in payment of interest or interest coupons of the bonds at the time the interest becomes due and payable. [Amended by 1971 c.728 §34]
OR Rev Stat § 777.515 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.515 - Payment of warrants; interest on warrants.

(1) The treasurer of a port, or the treasurer of the county who is the legal custodian of funds belonging to or credited to a port, shall pay the warrants of the port when presented, if the treasurer has money in custody for the purpose of paying the obligation for which the warrant was given. The treasurer shall write on the face of the warrant the date of redemption and the treasurer’s signature. (2) If there are no funds in the custody of the port treasurer to pay the warrant when presented, the port treasurer shall indorse thereon "Not Paid for Want of Funds" and the date of presentment over the signature of the port treasurer. The warrant shall draw interest at the legal rate from the date of such indorsement. Thereafter, the county treasurer, upon presentment of the warrant, shall pay upon the warrant any funds which may come into the county treasurer’s custody for the purpose of paying the obligation for which the warrant was issued and shall, over the signature of the county treasurer, indorse the amount of the payment upon the warrant with the date of the payment. (3) However, a warrant drawn in payment of the principal or face amount of a port bond shall in no event draw interest in excess of the rate of interest expressed upon the face of the port bond, and the rate of such interest shall appear upon the face of the warrant. Interest on a warrant shall cease from the date of notice by publication in some newspaper printed or circulated in the county. Notice shall be given by the port treasurer authorized to redeem the warrant, stating that there are funds to redeem outstanding warrants. The treasurer shall give notice when the treasurer has $10,000 belonging to the fund. [Amended by 1971 c.728 §35]
OR Rev Stat § 777.520 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.520 - Special tax levy, rate, use of proceeds; bond sinking fund.

(1) A port may assess, levy and collect each year in addition to other taxes which it is by law authorized to levy, a special tax upon all taxable real and personal property situated within the port. (2) Such annual levy shall not exceed one-tenth of one percent. The proceeds thereof shall be used only in the purchase on the open market of bonds of the port, at such prices, as the board determines. (3) All funds collected from such levy shall be placed in a separate fund, designated the bond sinking fund, and shall be used exclusively for the purposes provided by this section as long as the principal of any bond of the port remains outstanding or unpaid. After the principal of all bonds of the port has been paid, the balance remaining in such fund may be transferred to any other fund as the board may direct. [Amended by 1971 c.728 §85]
OR Rev Stat § 777.530 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.530 - Special assessments for local improvement; assessment ordinance; assessment districts.

(1) When a port constructs or acquires a local improvement which the port is authorized to construct or acquire, the board of that port may levy special assessments against property within the port in proportion to the benefits such property will receive on account of the construction or acquisition of the local improvement. However, before proceeding to construct or acquire a local improvement for which special assessments will be levied, the board shall adopt an ordinance that: (a) Describes the local improvement to be constructed or acquired and the part of the work to be undertaken immediately; (b) Contains a preliminary estimate of the probable cost of the local improvement; (c) Determines the manner of financing the local improvement. The board may provide that the cost of the construction or acquisition shall be paid in part by assessments against the property directly benefited and in part out of general funds, ad valorem tax levies, the proceeds of the sale of bonds, service charges or any combination of such sources. The determination of the board as to the proportion of cost allocation shall be based on its sound discretion; (d) Describes one or more assessment districts containing the properties against which the cost of the local improvement will be assessed; (e) Provides for the method of assessment, the recording of assessment liens on properties that are directly benefited and for the making of supplemental assessments and rebates; (f) Contains provision for a notice to be mailed to each affected property owner announcing the intention of the board to construct or acquire a local improvement, to create one or more assessment districts and to assess benefited property for a part or all of the cost; and (g) Provides for a hearing not sooner than 20 days after the mailing of the notices described in paragraph (f) of this subsection at which affected property owners may appear to support or object to the proposed local improvement and assessment. The board shall consider such objections and may adopt, correct, modify or abandon the proposed local improvement or assessments. (2) Special assessments in the port shall, so far as practicable, be apportioned within the port in accordance with the special and peculiar benefit each lot or parcel of land receives from the construction or acquisition of a local improvement. (3) Special assessment districts authorized by this section may be established for, and limited to, financing the costs of planning and engineering required for the construction or acquisition of a local improvement. (4) As used in this section, "local improvement" has the meaning given that term by ORS 223.001. [1989 c.644 §2; 1991 c.902 §117] Note: 777.530 and 777.535 were added to and made a part of ORS chapter 777 by legislative action but were not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
OR Rev Stat § 777.535 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.535 - Installment payment of special assessment; limitation.

The provisions of ORS 223.205 to 223.316 (Bancroft Bonding Act) and ORS 223.770 relating to the assessment of property benefited by public improvements and to the issuance of bonds and other obligations for the cost of such improvements, shall apply insofar as practicable and applicable in relation to the assessment by ports of the cost or any portion of the cost of improvements against the property benefited in accordance with ORS 777.530 and to the issuance of bonds and other obligations by the port. However, notwithstanding ORS 223.295, the limitation specified in ORS 777.410 (1)(a) on the amount of general obligation bonds outstanding at any one time applies to bonds and other obligations issued under this section. [1989 c.644 §3; 1991 c.902 §116; 1995 c.333 §21; 1997 c.249 §223] Note: See note under 777.530.
OR Rev Stat § 777.560 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.560 - Ports may issue and sell revenue bonds; use of proceeds.

(1) For the purpose of carrying into effect any of the powers granted to ports, a port may issue and sell revenue bonds in accordance with ORS 777.560 to 777.590 without the necessity of obtaining the prior approval of the electors of the port. Proceeds from the sale of revenue bonds may be used by the port in its governmental capacity or loaned to private parties. The proceeds may be used to cover the costs incurred in issuing the bonds, and preliminary work incident to carrying out such purposes and powers, including but not limited to planning, engineering, inspection, accounting, fiscal, legal and trustee expenses, the cost of issuance of bonds, engraving, printing, advertising and other similar expenses, and to pay interest on the outstanding bonds issued for any project during the period of actual construction and for six months after the completion thereof. Revenue bonds shall not be a general obligation of the port nor a charge upon the tax revenues of the port, nor a charge upon any other revenues or property of the port not specifically pledged thereto. (2) In addition to the powers granted by subsection (1) of this section, a port may authorize and issue revenue bonds under ORS 287A.150. [1955 c.423 §2; 1959 c.337 §1; 1971 c.728 §86; 1993 c.97 §29; 2007 c.783 §225]
OR Rev Stat § 777.570 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.570 - Form of bonds.

Revenue bonds issued under ORS 777.560 (1): (1) Shall be negotiable instruments. (2) Shall be issued under ORS chapter 287A, but the requirements of ORS 287A.150 do not apply. (3) Shall contain a recital that principal and interest on the revenue bonds are payable solely out of revenues and property of the port pledged to the payment thereof by the ordinance of the board authorizing the issue of which the bonds are a part. (4) May contain covenants of the port to protect and safeguard the security and rights of holders of such bonds and such other terms and conditions, in conformity with ORS 777.560 to 777.590, which the board determines are necessary or desirable to protect the port or increase the marketability of the bonds. [1955 c.423 §4; 1959 c.337 §3; 1965 c.223 §4; 1971 c.728 §141; 1971 c.778 §1; 1981 c.879 §3; 1997 c.171 §24; 2007 c.783 §227]
OR Rev Stat § 777.575 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.575 - Sale of bonds.

(1) The board may from time to time sell revenue bonds authorized pursuant to ORS 777.565, as provided by this section. (2) Except as provided by subsections (3) and (4) of this section, the bonds shall be advertised for sale at least once each week for not less than two successive weeks in a newspaper of general circulation published within the port or, if there is no such newspaper, then in a newspaper published in the county. Bids shall be in writing and be sealed and, unless the bidder is the State of Oregon, accompanied by a certified check or a cashier’s check upon a bank doing business in this state in an amount not less than two percent of the par value of the bonds. Bids shall be opened publicly at the time and place specified in the advertisement. If the bids are not satisfactory, the board may reject any and all bids and may readvertise for bids in the manner provided by this subsection. (3) The board may sell any of the bonds to the federal government or any agency thereof at private sale without advertisement or calling for bids. (4) Revenue bonds including revenue bonds to refund such bonds of a port may be sold to any person either at a public or private sale without advertisement or calling for bids as the board may in its sole discretion determine. [1955 c.423 §5; 1959 c.337 §4; 1965 c.223 §5; 1967 c.416 §1; 1971 c.728 §89; 1981 c.94 §56]
OR Rev Stat § 777.585 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.585 - Refunding revenue bonds.

(1) A port may, without the necessity of authorization from the electors of the port, issue and sell its refunding revenue bonds for the purpose of redeeming revenue bonds which are outstanding or paying interest due thereon: (a) At maturity pursuant to redemption provisions in the outstanding revenue bonds; or (b) At any time before maturity if the holders of the outstanding revenue bonds consent or if the outstanding revenue bonds authorize redemption before maturity. (2) ORS 777.560 to 777.590 apply to bonds authorized to be issued and sold under this section. [1955 c.423 §7; 1959 c.337 §6; 1965 c.223 §7; 1971 c.728 §90]
OR Rev Stat § 777.590 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.590 - Authority to issue and sell revenue bonds; leasing property and pledging revenues.

(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] Note: Section 20, chapter 671, Oregon Laws 2019, provides: Sec. 20. Lottery bonds for Port of Cascade Locks. (1) For the biennium beginning July 1, 2021, at the request of the Oregon Department of Administrative Services, after the department consults with the Port of Cascade Locks, the State Treasurer is authorized to issue lottery bonds pursuant to ORS 286A.560 to 286A.585 in an amount that produces $2.4 million in net proceeds for the purposes described in subsection (2) of this section, plus an additional amount estimated by the State Treasurer to be necessary to pay bond-related costs. (2) Net proceeds of lottery bonds issued under this section must be transferred to the department for deposit in the ODAS Economic Development Distributions Fund established under ORS 461.553 for distribution to the Port of Cascade Locks to construct buildings and upgrade and expand infrastructure in the Port of Cascade Locks Business Park. (3) The Legislative Assembly finds that the use of lottery bond proceeds will create jobs, further economic development, finance public education or restore and protect parks, beaches, watersheds and native fish and wildlife, and is authorized based on the finding that assisting in the establishment and expansion of businesses in Oregon and in the construction, improvement and expansion of infrastructure that comprises the physical foundation for industrial and commercial activities provide the basic framework for continued and expanded economic opportunities and quality communities. [2019 c.671 §20; 2021 c.682 §15]
OR Rev Stat § 777.605 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.605 - Special elections.

When a board desires to hold an election for the purpose of submitting to the electors of the port any measure that may lawfully be submitted to the electors, at any meeting called in accordance with its rules or the statutes governing the board, the board may adopt a resolution calling a special election. In the resolution the board may describe in general terms the measures which are to be submitted at the election. [Amended by 1971 c.728 §92; 1973 c.796 §76; 1975 c.647 §52; 1983 c.350 §326]
OR Rev Stat § 777.630 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.630

[1987 c.607 §10; renumbered 285.825 in 1991]
OR Rev Stat § 777.635 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.635

[1987 c.607 §11; 1989 c.908 §64; renumbered 285.827 in 1991]
OR Rev Stat § 777.640 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.640

[1987 c.607 §12; renumbered 285.830 in 1991]
OR Rev Stat § 777.645 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.645

[1987 c.607 §13; renumbered 285.833 in 1991]
OR Rev Stat § 777.650 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.650

[1987 c.607 §14; renumbered 285.835 in 1991]
OR Rev Stat § 777.655 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.655

[1987 c.607 §15; renumbered 285.837 in 1991]
OR Rev Stat § 777.660 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.660

[1987 c.607 §16; renumbered 285.840 in 1991]
OR Rev Stat § 777.665 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.665

[1987 c.607 §21; renumbered 285.843 in 1991]
OR Rev Stat § 777.705 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.705 - Definitions for ORS 777.705 to 777.725.

As used in ORS 777.705 to 777.725, "bonus" or "bonuses" includes payment of funds for: (1) Chartering vessels; (2) Guaranteeing to vessels, transportation lines, companies or persons, cargo and tonnage, and guaranteeing to vessels, transportation lines, companies or persons against loss on account of delay in the Columbia River or Willamette River or at the Columbia River bar; (3) Absorption of charges for lightering, dredging, towage and pilotage of any vessels; or (4) Fixing of pilotage and stevedoring charges, seamen’s wages, fuel costs, supplies and other charges and expenses incident to maritime commerce, at such a rate as may place a port on a competitive basis in such matter with other ports. [Amended by 1971 c.728 §97]
OR Rev Stat § 777.710 (2021)
2021 Oregon Revised Statutes|Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation|Chapter 777 - Ports Generally|Section 777.710 - Payment of bonus explained.

The payment of a bonus authorized by ORS 777.715 and 777.720 includes the payment of sums necessary to make good the guarantee described by ORS 777.705. [Amended by 1971 c.728 §98]