Oregon Code § 391.560·Enacted ·Last updated March 01, 2026
Statute Text
Lease
terms for facility financed by bonds.
Any lease of a mass transit facility entered into pursuant to the provisions of
ORS 267.227 and 391.500 to 391.660 shall be for a term not shorter than the
longest maturity of any bonds issued to finance such mass transit facility or a
portion thereof and shall provide for income, revenues and rentals from all
sources pledged to the payment of such bonds adequate to pay the principal,
interest and premiums, if any, on such bonds as the same fall due and to create
and maintain such reserves and accounts for depreciation, if any, as the board
in its discretion shall determine to be necessary. [1977 c.662 §8]
Plain English Explanation
This Oregon statute addresses Lease
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 391.560
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Lease
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