Oregon Statutes > Chapter 442 > Community Benefits > Community Benefit Spending
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§ 442.624 | Establishment of community benefit spending floor; rules |
Terms Used In Oregon Statutes > Chapter 442 > Community Benefits > Community Benefit Spending
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- local government: means all cities, counties and local service districts located in this state, and all administrative subdivisions of those cities, counties and local service districts. See Oregon Statutes 174.116
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100