Oregon Statutes 442.361 – Definitions for ORS 442.361, 442.362 and 442.991
As used in this section and ORS § 442.362 and 442.991:
Terms Used In Oregon Statutes 442.361
- 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
(1)(a) ‘Capital project’ means:
(A) The construction, development, purchase, renovation or any construction expenditure by or on behalf of a reporting entity, for which the cost:
(i) For type A hospitals, exceeds five percent of gross revenue.
(ii) For type B hospitals, exceeds five percent of gross revenue.
(iii) For DRG hospitals, exceeds 1.75 percent of gross revenue.
(iv) For ambulatory surgical centers, exceeds $2 million.
(B) The purchase or lease of, or other comparable arrangement for, a single piece of diagnostic or therapeutic equipment for which the cost or, in the case of a donation, the value exceeds $1 million. The acquisition of two or more pieces of diagnostic or therapeutic equipment that are necessarily interdependent in the performance of ordinary functions shall be combined in calculating the cost or value of the transaction.
(b) ‘Capital project’ does not include a project financed entirely through charitable fundraising.
(2) ‘DRG hospital’ means a hospital that is not a type A or type B hospital and that receives Medicare reimbursement based upon diagnostic related groups.
(3) ‘Gross revenue’ has the meaning given that term in ORS § 442.015.
(4) ‘Reporting entity’ includes the following if licensed pursuant to ORS § 441.015:
(a) A type A hospital as described in ORS § 442.470.
(b) A type B hospital as described in ORS § 442.470.
(c) A DRG hospital.
(d) An ambulatory surgical center as defined in ORS § 442.015. [2009 c.595 § 1197; 2023 c.9 § 39]
442.361 and 442.362 were added to and made a part of ORS Chapter 442 by legislative action but were not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.