§ 261.241 — Membership in electric cooperative or limited liability corporation

Oregon § 261.241

• Jurisdiction: Oregon
• Vol.: 7
• Title 24: Public Organizations for Community Service
• Ch.: 261

Text

A people’s utility district may become a member of an electric cooperative, or of a limited liability company, for the purposes of planning, financing, constructing, acquiring, operating, owning or maintaining property used for the generation and associated transmission of electricity within or outside this state. A district may not become a stockholder in, or lend the credit of the district to, an electric cooperative or a limited liability company. If a district becomes a member of an electric cooperative or of a limited liability company, the district may not exercise the power of eminent domain for the benefit of the electric cooperative or limited liability company.

Legislative History

2007 c.301 §35 and 2007 c.895 §6