Oregon Statutes 458.460 – Bidding procedure for multiple applicants
Current as of: 2023 | Check for updates
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In the event that more than one housing authority or appropriate nonprofit organization is interested in a building available for transfer under ORS § 458.405 to 458.460, the state or its agency shall conduct a bidding process that takes into account:
Terms Used In Oregon Statutes 458.460
- Fiduciary: A trustee, executor, or administrator.
- 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.
(1) The entity most capable of delivering services and housing options to conform with the purpose of ORS § 458.405 to 458.460;
(2) The fiduciary obligation of the state and its agencies to bondholders; and
(3) Financial prudence. [1989 c.440 § 10]
LOCAL INNOVATION AND FAST TRACK HOUSING PROGRAM