Statutes, codes, and regulations
Oregon Revised Statutes
Title 45 - WATER RESOURCES: IRRIGATION, DRAINAGE, FLOOD CONTROL, RECLAMATIONChapter 553 - WATER CONTROL DISTRICTS
ASSESSMENTS; CLAIMS; EQUALIZATION
Section 553.550 - Loans; assignment of assessments as security for

ORS § 553.550

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Current through 2024 Regular Session legislation effective June 6, 2024
Section 553.550 - Loans; assignment of assessments as security for

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.

ORS 553.550