Oregon Revised Statutes

Or. Rev. Stat. § 198.220 (2026)

Bond or letter of credit for member of district governing body

✓ current as of May 2026

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198.220 Bond or letter of credit for member of district governing body. The governing body of a district shall require bond or an irrevocable letter of credit of any member of the governing body or any officer or employee of the district who is charged with possession and control of district funds and properties. The letter of credit shall be issued by an insured institution, as defined in ORS 706.008. The amount of the bond or letter of credit shall be fixed by the governing body of the district. The premium for the bond or the fee for the letter of credit shall be paid from district funds. [1969 c.345 §2; 1991 c.331 §45; 1997 c.631 §425]

Notes of Decisions

Cited in 1 case, 1996–1996 · leading case: Miller v. Water Wonderland Improvement Dist., 918 P.2d 849 (Or. Ct. App. 1996).

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Miller v. Water Wonderland Improvement Dist., 918 P.2d 849 (Or. Ct. App. 1996). · cites it 2× “210 provides in part: "As used in ORS 198.220, in addition to the meaning given the term by ORS 198.”

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