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2011 Oregon Revised Statutes
ORS Volume 11, Chapters 431 - 470
ORS Chapter 458
458.430 Authority of state to lease property not owned by state.


OR Rev Stat § 458.430 (through Leg Sess 2011) What's This?

(1) The authority to lease property granted by ORS 458.420 includes authority to lease property not owned or controlled by the state at the time of entering the lease. Such lease shall be conditioned upon the subsequent acquisition of the interest covered by the lease.

(2) Any lease of state real property to be used for the purposes of ORS 458.405 to 458.460 exceeding five years shall be approved in advance by the Oregon Department of Administrative Services. [1989 c.440 6]

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