(1) Payment of the principal of and interest on those obligations of the joint operating agency for which payment has not otherwise been provided;
(2) All payments which the agency is obligated to set aside in any special fund for the repayment of obligations and to provide reserves therefor;
(3) Payment of taxes as provided by ORS 262.105; and
(4) Payments for the proper administration, operation, maintenance, repair, renewals and replacements of utility properties of the joint operating agency and to provide reserves therefor. [1973 c.722 ยง10]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 262 - Joint Operating Agencies for Electric Power
Section 262.005 - Definitions for ORS 262.015 to 262.105.
Section 262.015 - Authority for joint operating agency formation; powers.
Section 262.025 - Procedure for joint operating agency formation.
Section 262.045 - Procedure for modification of or withdrawal from agency membership.
Section 262.055 - Management of agency; directors; officers; meetings.