Oregon Statutes > Chapter 278 > Insurance of Public Property
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Terms Used In Oregon Statutes > Chapter 278 > Insurance of Public Property
- agency: means each state branch, institution, department, board, commission or activity of whatever nature. See Oregon Statutes 278.005
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Department: means the Oregon Department of Administrative Services. See Oregon Statutes 278.005
- Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Media: means all active information processing material including all forms of data, program material and related engineering specifications employed in the agency's information processing operation except property which the agency elects not to cover. See Oregon Statutes 278.005
- Property: means real and personal property as defined in this section, and any other property under the control of the state in which the state has an insurable interest as determined by the department. See Oregon Statutes 278.005
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
- Vessel: means a boat, ship, craft or structure made to float or travel upon the water which may or may not be powered by a marine engine. See Oregon Statutes 278.005