Oregon Statutes 381.720 – Real property
(1) A commission may finance, refinance, acquire or otherwise assume control of, by purchase, lease, donation or other means, real property or personal property, structures, property rights, franchises, easements or other property interests, whether situated within the State of Oregon or the State of Washington, as the board deems necessary or incidental to the purposes of the commission.
Terms Used In Oregon Statutes 381.720
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- 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
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) The commission may exercise the power of eminent domain to acquire by condemnation any property, structures, property rights, franchises, easements or other property interests situated within the State of Oregon or the State of Washington as the board deems necessary or incidental to the purposes of the commission, subject to the applicable laws described in ORS § 381.745 (3). Property owned or held by a state or a local government may not be taken by the commission without the prior consent of the state or local government. [2022 c.7 § 7]