Section 465.612 - Obligations of authority not obligations of local government; exception.

OR Rev Stat § 465.612 (2019) (N/A)
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(2) A local government may incur debt, including the issuance of bonds under any bonding authority available to the local government, on behalf of an authority created by the local government and, by ordinance or resolution, deem a debt incurred under this subsection to be a general obligation of the local government and a charge upon its tax revenues. [2015 c.631 §5]

Note: See note under 465.600.