Oregon Statutes 267.227 – Relationship with Oregon Mass Transportation Financing Authority
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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. [1977 c.662 § 18]
Terms Used In Oregon Statutes 267.227
- 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.