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2017 Oregon Revised Statutes
Volume : 07 - Public Facilities, Finance
Chapter 267 - Mass Transit Districts; Transportation Districts
Section 267.227 - Relationship with Oregon Mass Transportation Financing Authority.
Universal Citation: OR Rev Stat § 267.227 (2017)
A mass transit district may enter into contracts, leases, subleases and agreements with the Oregon Mass Transportation Financing Authority. The obligation of a district to pay rentals to the Oregon Mass Transportation Financing Authority shall not be considered to be the incurring of bonded indebtedness by a district. A district shall reimburse the Oregon Mass Transportation Financing Authority for all expenses incurred by the authority in connection with any application by such district for financial assistance under the Oregon Mass Transportation Financing Act. [1977 c.662 §18]
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