{"data":{"id":"us-or/ors-777.947","jurisdiction":"us-or","citation":"ORS 777.947","heading":"Limitation on annual issuance and aggregate amount of bonds in absence of elector approval.","body":"(1) The total amount of general obligation bonds issued in any calendar year by the port without the approval of the electors of the port shall not exceed $500,000.\n      (2) The aggregate outstanding principal amount of general obligation bonds issued by the port without the approval of the electors of the port shall not at any time exceed $1.5 million.\n      (3) Nothing in this section applies to refunding bonds.","path":["19 - Utilities, Vehicle Code, Watercraft, Aviation","58. Shipping and Navigation","Chapter 777 — Ports Generally"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors777.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:18Z","sha256":"1997148bb519774e8d159f104faf612687a5804124205617419d2fc513d4fe13","source_id":"us-or","stale":false,"prev":"us-or/ors-777.945","next":"us-or/ors-777.950"},"notice":"GroundRules: Original legal text. Not legal advice."}