ORS § 457.320

Current through 2024 Regular Session legislation effective April 4, 2024
Section 457.320 - Municipal assistance under plan; assumption by urban renewal agency of general obligation bond payments of municipality

In addition to the other powers granted a municipality under this chapter, a municipality may exercise any of its powers otherwise provided by law to assist in the planning or the carrying out of an urban renewal plan. Without limiting the powers granted by the preceding sentence, a municipality may issue its general obligation bonds for the purpose of assisting in the planning or the carrying out of an urban renewal plan. The urban renewal agency of the municipality may assume payment of the general obligation bonds and may use any of the moneys available to it for that purpose.

ORS 457.320

1957 c.456 §17; 1979 c.621 §21