2021 Oregon Revised Statutes
Chapter 553 - Water Control Districts
Section 553.750 - Loan contracts with state or federal agencies; obligation of district; recording certificates.


(2) The loan contract shall be in such form and shall contain such terms as may be agreed upon by the agency and the district; the district may agree to levy a construction assessment against each tract of land benefited within the subdistrict, to do all acts and things necessary therefor, to assign to the lending agency the construction assessments as security for the loan and to perform all such acts within such period of time as may be agreed to between the district and the state or federal lending agency.
(3) In the event that a state or federal lending agency pays over money to a district pursuant to the terms of a loan contract and the district fails, refuses or neglects to levy the construction assessments, to obtain or prepare a benefit roll, to assign the construction assessments, or in any other manner not to perform as it agreed to under the loan contract, the state or federal lending agency shall have the right, at its election, to apply to the circuit court for the county in which is located the largest part of the lands within the subdistrict for a writ of mandamus, or any other order or writ, to require the district, its directors, officers and agents to do such acts and things as the district agreed to do under the terms of the loan contract. All costs, charges and expenses pertaining to the issuance and execution of any such writ or order shall be charged to and collected from the lands subject to the construction assessments in addition to such construction assessments.
(4) Upon the execution of a loan contract, the district shall record with the county clerk for the county in which the lands within the subdistrict are located, a certificate which shall state the date of the loan contract, the maximum amount of the loan, the recording data pertaining to the recorded order creating the subdistrict, the term of the loan and the rate of interest. Such certificate shall give notice that all lands within the subdistrict determined to be benefited by the construction of the works referred to in the engineering plan will be subject to construction assessments thereafter to be levied. [1961 c.186 §2; 1991 c.459 §432a]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 15 - Water Resources, Agriculture and Food

Chapter 553 - Water Control Districts

Section 553.010 - Definitions.

Section 553.020 - Creation of water control districts; purposes; limits.

Section 553.035 - Application of election laws.

Section 553.090 - Nature and powers of district.

Section 553.105 - Districts coterminous with 1969 districts; abolishment of existing districts.

Section 553.107 - Effect of creation of districts under ORS 553.105.

Section 553.110 - Vested water rights; inclusion of land in district or assessment; consent.

Section 553.210 - Election of directors; qualifications; terms; vacancies; change in number of directors.

Section 553.230 - Powers and duties of board.

Section 553.240 - County court as governing body.

Section 553.250 - Authority to acquire and dispose of water works; sale of water.

Section 553.310 - Creation of subdistrict; change in subdistrict boundaries; procedure.

Section 553.340 - Determination of benefits; board of appraisers; exception.

Section 553.350 - Assessment of benefits and damages by appraisers; benefits less than costs; recommendation to amend engineering plan; final report and certificate.

Section 553.360 - Hearing on report of appraisers; exceptions; entry of order; appeal.

Section 553.510 - Special assessments.

Section 553.520 - Apportioning assessments; adjustment of benefits.

Section 553.530 - Disposition of funds received.

Section 553.535 - Collection of charges and assessments by resolution of board.

Section 553.540 - Assessments to be levied by order of board; filing copy thereof; notice; lien; time for payment; interest.

Section 553.560 - Foreclosure of assessment; procedure; district may bid and purchase; deed; right of redemption.

Section 553.610 - Assessments or taxes upon bond issue.

Section 553.620 - Ad valorem tax in lieu of assessment.

Section 553.630 - Terms and conditions of bonds; bond register.

Section 553.640 - Sale of bonds; cancellation.

Section 553.655 - Bond elections in subdistricts.

Section 553.750 - Loan contracts with state or federal agencies; obligation of district; recording certificates.