Oregon Statutes 441.565 – Obligations of authority not obligations of municipality
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The revenue bonds and other obligations of an authority shall not be a general obligation of the municipality nor a charge upon the tax revenues of the municipality. [1973 c.153 § 9]
Terms Used In Oregon Statutes 441.565
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.