(1) "Article XI-Q bonds" means general obligation bonds issued under the authority of Article XI-Q of the Oregon Constitution.
(2) "Bond-related costs" means:
(a) The costs of paying the principal of, the interest on and the premium, if any, on Article XI-Q bonds.
(b) The costs and expenses of issuing, administering and maintaining Article XI-Q bonds including, but not limited to, the costs and expenses of:
(A) Redeeming Article XI-Q bonds.
(B) Paying amounts due in connection with credit enhancement devices or agreements for exchange of interest rates.
(C) Paying the fees, administrative costs and expenses of the State Treasurer, the Oregon Department of Administrative Services or the project agency, including the costs of consultants or advisers retained by the State Treasurer, the department or the project agency.
(c) The costs of funding reserves for the Article XI-Q bonds.
(d) Capitalized interest for the Article XI-Q bonds.
(e) Rebates or penalties due to the United States in connection with the Article XI-Q bonds.
(f) Any other costs or expenses that the State Treasurer, the department or the project agency determines are necessary or desirable in connection with issuing and maintaining the Article XI-Q bonds.
(3) "Project agency" means a state agency that administers a project that is financed with Article XI-Q bond proceeds. [2011 c.14 §2]
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.