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2019 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 267 - Mass Transit Districts; Transportation Districts
Section 267.325 - Lease purchase agreements.
Universal Citation: OR Rev Stat § 267.325 (2019)
For the purpose of financing the design, engineering, acquisition, construction and installation of any mass transit system, a district may enter into lease purchase agreements for such term of years as the board may determine. The lease purchase payments payable by a district under any such lease purchase agreement may be payable out of any funds of the district, including without limitation any operating revenues, tax revenues or grants. [1989 c.899 §2]
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