Or. Rev. Stat. § 381.655 – Custody and disbursement of bond proceeds | Midpage
§ 381.655
Or. Rev. Stat. § 381.655
Custody and disbursement of bond proceeds
The proceeds of all the bonds sold under ORS 381.605 to 381.670 shall be paid into the city treasury and shall go into a special bridge fund. Such proceeds shall be disbursed for the purposes for which the bonds are issued.