{"data":{"id":"us-or/ors-286a.712","jurisdiction":"us-or","citation":"ORS 286A.712","heading":"Authority of State Treasurer to issue bonds.","body":"(1) Article XI-D bonds are a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal of, the interest on and the premium, if any, on the Article XI-D bonds. The State of Oregon shall pledge its full faith and credit and taxing power to pay Article XI-D bonds, except that the ad valorem taxing power of the State of Oregon may not be pledged to pay Article XI-D bonds.\n      (2) In accordance with the applicable provisions of this chapter, the State Treasurer, with the concurrence of the Director of the State Department of Energy, may issue Article XI-D bonds:\n      (a) At the request of the Director of the Oregon Department of Administrative Services for any of the purposes specified in Article XI-D of the Oregon Constitution, plus an amount determined by the State Treasurer to pay estimated bond-related costs; and\n      (b) Subject to the limit on bond issuance established for the particular biennium in ORS 286A.035.\n      (3) The State Treasurer may issue Article XI-D bonds for the purpose of financing the refund of Article XI-D bonds.\n      (4) The State Treasurer shall transfer the net proceeds of Article XI-D bonds issued for the purpose described in subsection (2)(a) of this section to the State Department of Energy for deposit in the Renewable Energy Fund established under ORS 286A.718.","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":"2e53badebdd3b75d3558764d347eb1f18e93b6bc319d53c22ed654c4fdce765b","source_id":"us-or","stale":false,"prev":"us-or/ors-286a.710","next":"us-or/ors-286a.714"},"notice":"GroundRules: Original legal text. Not legal advice."}