A mass transit district may enter into contracts, leases, subleases and agreements with the Oregon Mass Transportation Financing Authority. The obligation of a district to pay rentals to the Oregon Mass Transportation Financing Authority shall not be considered to be the incurring of bonded indebtedness by a district. A district shall reimburse the Oregon Mass Transportation Financing Authority for all expenses incurred by the authority in connection with any application by such district for financial assistance under the Oregon Mass Transportation Financing Act.
ORS 267.227
Applied in 1 court decision — leading case In re the Constitutionality of the Oregon Mass Transportation Financing Authority (1978)
Most recently applied in In re the Constitutionality of the Oregon Mass Transportation Financing Authority (November 1978)
1977 c.662 §18
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.