Oregon Revised Statutes Chapter 263 § 263.250 — Power
Oregon Revised Statutes Chapter 263 ·
Oregon Code § 263.250·Enacted ·Last updated March 01, 2026
Statute Text
Power
to lease or contract for use of facilities; use of revenues to pay bonds.
In addition to the powers granted
under ORS 263.240, the commission shall also have the power to lease to any
municipality or person, or to contract for the use or operation by any
municipality or person, of all or any part of the facilities authorized by this
chapter, including but not limited to parking facilities, concession facilities
of all kinds and any property or property rights appurtenant to such facilities
for such period and under such terms and conditions and upon such rental, fees
and charges as the commission may determine, and may pledge all or any portion
of such rentals, fees and charges and all other revenue derived from the
ownership or operation of such facilities to pay and secure the payment of
general obligation bonds or revenue bonds issued for authorized purposes. [1985
c.654 §5]
Plain English Explanation
This Oregon statute addresses Power
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 263.250
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Power
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 263.250. Use this format in legal documents and court filings.
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