As used in ORS 267.227 and 391.500 to 391.660, unless the context otherwise requires: (1) Acquire or acquisition means the acquisition, by purchase, lease, gift, grant, devise, construction, installation, reconstruction, repair and alteration, and the equipment, improvement and extension of mass transit facilities. (2) Authority means the Oregon Mass Transportation Financing Authority created by ORS 267.227 and 391.500 to 391.660. (3) Board means the members of the authority created in ORS 391.520. (4) District means a mass transit district established under ORS 267.010 to 267.394. (5) Finance or financing means the issuance of revenue bonds pursuant to ORS 391.570 by the authority for the purpose of providing financial assistance to districts. (6) Financial assistance means the providing of methods of financing of costs of mass transit facilities under ORS 267.227 and 391.500 to 391.660. (7) Mass transit facility or facilities means any or all property constituting a mass transit system, or any portion thereof, in any manner owned, used, leased or operated by a district and which is located wherever a district is authorized to operate.
‹ Prev All Oregon sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.