(a) Provide assistance and consultation, upon request of the state or a public body, to assist them in the planning, preparation, marketing and sale of new bond issues to reduce the cost of the issuance to the issuer and to assist in protecting the issuer’s credit.
(b) Collect, maintain and provide financial, economic and social data on public bodies pertinent to their ability to issue and pay bonds.
(c) Collect, maintain and provide information on bonds sold and outstanding and serve as a clearinghouse for all local bond issues.
(d) Maintain contact with municipal bond underwriters, credit rating agencies, investors and others to improve the market for public body bond issues.
(e) Undertake or commission studies on methods to reduce the costs of state and local bond issues.
(f) Recommend changes in state law and local practices to improve the sale and servicing of local bonds.
(g) Perform any other function required or authorized by law.
(h) Pursuant to ORS chapter 183, adopt rules necessary to carry out its duties.
(2) The commission shall publish:
(a) A periodic newsletter describing proposed bond issues, bond sales, refundings, credit rating changes and other information relating to municipal bonds that is pertinent to issuers, underwriters, investors and the public.
(b) An annual report describing and evaluating the operations of the commission during the preceding year.
(3) The commission may charge reasonable fees for providing services under subsection (1) of this section.
(4) The commission shall transfer the amounts received under this section to the State Treasurer for deposit in the Miscellaneous Receipts Account in the General Fund for the State Treasurer described in ORS 286A.016. The moneys deposited in the account pursuant to this section are continuously appropriated to the State Treasurer for payment of expenses of the State Treasurer in providing services to the commission pursuant to ORS 287A.632. [Formerly 287.034]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 287A - Local Government Borrowing
Section 287A.001 - Definitions for ORS chapter 287A.
Section 287A.050 - Authority of city to issue general obligation bonds.
Section 287A.100 - Authority of county to issue general obligation bonds.
Section 287A.105 - Limitation on bonded indebtedness of county.
Section 287A.140 - Ad valorem tax levy to pay general obligation bonds.
Section 287A.145 - Misspent proceeds of general obligation bonds.
Section 287A.150 - Authority of public body to issue revenue bonds.
Section 287A.180 - Short-term borrowing by public body.
Section 287A.195 - Compliance with constitutional or statutory debt limits.
Section 287A.300 - Terms and conditions of bond sales; delegation of authority.
Section 287A.315 - Pledge of full faith and credit and taxing power.
Section 287A.325 - Covenants of public bodies regarding pledges.
Section 287A.335 - Agreements for exchange of interest rates; rules.
Section 287A.339 - Termination payment of conduit borrower.
Section 287A.340 - Credit enhancement devices.
Section 287A.343 - Public body purchase of own bonds.
Section 287A.360 - Current refunding bonds.
Section 287A.365 - Advance refunding bonds and forward current refunding.
Section 287A.375 - Maximum amount of advance refunding bonds.
Section 287A.380 - Tax levy to pay maturing general obligation advance refunding bonds.
Section 287A.482 - Definitions for ORS 287A.482 to 287A.488.
Section 287A.630 - Oregon Municipal Debt Advisory Commission; creation; term; compensation.
Section 287A.632 - Meetings; quorum; personnel.
Section 287A.634 - Powers and duties of commission; rules; fees.
Section 287A.640 - Notice to commission of proposed issues; duty of public bodies to assist; rules.