Or. Admin. Code § 162-010-0250

Current through Register Vol. 64, No. 1, January 1, 2025

Section 162-010-0250 - Indebtedness

There shall be comments regarding the municipal corporation's compliance relating to short-term and long-term debt. These comments shall include limitations on the amount of debt which may be incurred, liquidation of debt within the prescribed period of time, and compliance with provisions of bond indentures or other agreements, including any restrictions on the use of moneys available to retire indebtedness.

SD 104, f. 2-20-76, ef. 7-1-76; DOA 3-1986, f. & ef. 5-29-86, Renumbered from 165-030-0225

Stat. Auth.: ORS 297

Stats. Implemented: ORS 297.465