2011 Oregon Revised Statutes
ORS Volume 9, Chapters 326 - 365
ORS Chapter 351
351.140 Board power to purchase real property.
(1) The State Board of Higher Education may purchase such real property as in its sole discretion may be necessary for the present or future development of any of the public universities and offices, departments and activities under its control. The board may enter into contracts of purchase or agreements that the board deems necessary in carrying out this authorization.
(2) The board may apply any funds coming into its hands, and applicable thereto, toward the purchase of property authorized under this section. The board may also mortgage or pledge any property so purchased, or its contracts to purchase, or in relation thereto, together with the income from such property, to secure the payment of the purchase price thereof.
(3) The State Board of Higher Education is authorized, without seeking specific approval from the Legislative Assembly, to purchase real property or undertake capital construction projects that do not require the use of moneys appropriated from state funds or obtained through general obligation bonds, for purposes consistent with the promotion and enhancement of public higher education. [Amended by 2011 c.637 46]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
