ORS 450.260: Conditions precedent to financing application.

A district shall not apply to the State Treasurer for financing under ORS 450.250 to 450.300 unless:

      (1) It submits to the State Treasurer plans and specifications prepared by competent registered engineers setting forth the type or character of sewer system or sewerage facilities proposed for the particular district and the estimated cost of the system and of the appurtenances thereto.

      (2) It submits to the State Treasurer the proposed plan of the district for liquidation of indebtedness to be incurred for financing the cost of such system or facilities.