Oregon Statutes 276.120 – Building and site as investment of investing fund; title or leasehold interest of investing fund
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Each office building and the site, including leasehold interests therefor, shall represent an investment of the investing funds; and title or leasehold interest shall be vested in the investing funds to the extent that the same is used to pay the cost of acquisition of that office building and site or to the extent of any unrefunded or unpaid balance thereof. The Oregon Department of Administrative Services shall issue the investing agency appropriate evidence of this fact. [1957 c.727 § 6; 1975 c.104 § 1]
Terms Used In Oregon Statutes 276.120
- Department: means the Oregon Department of Administrative Services. See Oregon Statutes 276.001
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.