Oregon Statutes 266.518 – Contracting with United States for facilities
(1) In carrying out the powers conferred by this chapter, a district may contract with the United States or any agency thereof for the acquisition, construction, reconstruction, maintenance and operation, or any of them, of park and recreation facilities.
Terms Used In Oregon Statutes 266.518
- Contract: A legal written agreement that becomes binding when signed.
- District: means park and recreation district formed under this chapter. See Oregon Statutes 266.010
- District board: means the governing body of a district. See Oregon Statutes 266.010
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(2) Contract provisions for repayment of any loan from the United States, and the bonds securing the payment of the same, if any are issued, may be of such denomination, for such term not exceeding 50 years and may call for the payment of such interest not exceeding seven percent per annum, may provide for such installments and for repayment of the principal at such times, as may be required by the federal laws and as may be agreed upon between the district board and the United States agency. [1969 c.668 § 26c; 1973 c.86 § 1]
[Repealed by 1969 c.668 § 25 (266.512 enacted in lieu of 266.510 and 266.520)]