Oregon § 198.611 Power of district to contract for purchase or lease of real or personal property

Oregon Statutes

§ 198.611 — Power of district to contract for purchase or lease of real or personal property

Oregon § 198.611

Vol.5

Title 19Miscellaneous Matters Related to Government and Public Affairs

Ch. 198Special Districts Generally

This text of Oregon § 198.611 (Power of district to contract for purchase or lease of real or personal property) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 198.611 (2026).

Text

(1)A district may enter into a contract for the purchase or for the lease with option to purchase of real or personal property when the period of time allowed for payment under the contract does not exceed 30 years. A district entering into a contract authorized by this subsection may budget funds annually for payment of amounts due under the contract in each year during the term of the contract, unless the contract is terminated sooner in accordance with its terms.

(2)The powers granted to districts by this section are in addition to any other powers possessed by districts in this state, and this section may not be construed to limit such powers.

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(1) A district may enter into a contract for the purchase or for the lease with option to purchase of real or personal property when the period of time allowed for payment under the contract does not exceed 30 years. A district entering into a contract authorized by this subsection may budget funds annually for payment of amounts due under the contract in each year during the term of the contract, unless the contract is terminated sooner in accordance with its terms.
(2) The powers granted to districts by this section are in addition to any other powers possessed by districts in this state, and this section may not be construed to limit such powers.