{"data":{"id":"us-or/ors-286a.100","jurisdiction":"us-or","citation":"ORS 286A.100","heading":"Definitions for ORS 286A.100 and 286A.102.","body":"As used in this section and ORS 286A.102:\n      (1) “Obligation” means:\n      (a) A bond;\n      (b) An agreement for exchange of interest rates with the State of Oregon; or\n      (c) A credit enhancement device given as additional security for a bond.\n      (2) “Pledge” means:\n      (a) To create a security interest in or a lien on property to secure payment or performance of an obligation, by mortgaging, assigning or encumbering property or by creating a security interest in property by any other manner.\n      (b) A security interest in or lien on property created under paragraph (a) of this subsection.\n      (3) “Pledgee” means:\n      (a) A trustee for the holder of an obligation; or\n      (b) The holder of an obligation if a trustee was not appointed in the operative document or if the operative document authorizes the holder of an obligation to foreclose the lien of a pledge and enforce the remedies consequent to the pledge in lieu of the trustee.\n      (4) “Property” means:\n      (a) Real or personal property, tangible or intangible, whether owned when the pledge is made or acquired subsequently to the time the pledge is made; and\n      (b) Revenues, contract rights, receivables or securities.","path":["07 - Public Facilities and Finance","27. Public Borrowing","Chapter 286A — STATE BORROWING"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors286A.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:13Z","sha256":"b5e7289468fb6c77f84931c004dbcf8bc186a6554a16c2b15d523b2b8c1169a3","source_id":"us-or","stale":false,"prev":"us-or/ors-286a.095","next":"us-or/ors-286a.102"},"notice":"GroundRules: Original legal text. Not legal advice."}