Oregon Code § 457.075·Enacted ·Last updated March 01, 2026
Statute Text
Termination of urban renewal agency.
If the governing body of a municipality which has an urban renewal agency under
ORS 457.035 finds that there no longer exists a need for an urban renewal
agency in the municipality, the governing body shall provide, by ordinance, for
a termination of the agency and a transfer of the agencys facilities, files
and personnel to the municipality. The termination of an urban renewal agency
shall not affect any outstanding legal actions, contracts or obligations of the
agency and the municipality shall be substituted for the agency and, for the
purpose of those legal actions, contracts or obligations, shall be considered a
continuation of the urban renewal agency and not a new entity. No urban renewal
agency shall be terminated under this section unless all indebtedness to which
a portion of taxes is irrevocably pledged for payment under ORS 457.420 to
Plain English Explanation
This Oregon statute addresses Termination of urban renewal agency. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 457.075
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Termination of urban renewal agency. 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 § 457.075. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.