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.

Statutory/Other Authority

ORS 297

Statutes/Other Implemented

ORS 297.465

History

DOA 3-1986, f. & cert. ef. 5-29-86, Renumbered from 165-030-0225
SD 104-1975, f. 2-20-76, cert. ef. 7-1-76