Loan fund created from bond proceeds; other sources for fund.

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(2) In addition to proceeds from the sale of revenue bonds, the loan fund created by this section shall consist of:

(a) Moneys repaid to the fund by borrowers who received loans from the fund.

(b) Proceeds of the sales of structures acquired by the city or district as a result of loan defaults.

(c) Other revenues, as defined in ORS 287A.001, as determined by the city or district. [1995 c.725 §7; 2007 c.783 §211]

Note: See note under 478.840.


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