Terms Used In Oregon Statutes > Chapter 545 > Development of District Lands by United States

• board of directors: means the governing body of a district. See Oregon Statutes 545.002
• Contract: A legal written agreement that becomes binding when signed.
• District: means an irrigation district organized or operating under this chapter. See Oregon Statutes 545.002
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• 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.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100