{"data":{"id":"us-or/ors-553.550","jurisdiction":"us-or","citation":"ORS 553.550","heading":"Loans; assignment of assessments as security for.","body":"A district may borrow money and secure repayment of the same by the assignment of any assessments theretofore levied. Whenever a levied assessment is assigned to secure the repayment of any sum of money borrowed, the assessment shall be paid to the assignee thereof or the agent of the assignee.","path":["15 - Water Resources, Agriculture and Food","45. Water Resources: Irrigation, Drainage, Flood Control, Reclamation","Chapter 553 — Water Control Districts"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors553.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:15Z","sha256":"8f01ec5803fe33e9d5f00bc58bf3960cd38bf8e7e8ad29b9d304141746b8ed4b","source_id":"us-or","stale":false,"prev":"us-or/ors-553.540","next":"us-or/ors-553.560"},"notice":"GroundRules: Original legal text. Not legal advice."}