(2) Article XI-O bonds may be issued and sold as provided in this chapter.
(3) Subject to the approval of the State Treasurer, the Director of the Oregon Department of Administrative Services may:
(a) Enter into agreements with a trustee or escrow agent regarding the use and application of the amounts held in the Article XI-O Bond Fund or the Article XI-O Bond Administration Fund; and
(b) Transfer amounts credited to the bond fund or the bond administration fund to a trustee or escrow agent. [Formerly 286.750]
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