Terms Used In Oregon Statutes > Chapter 565 - Fairs and Exhibits

• Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
• Appraisal: A determination of property value.
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Board: means the State Land Board. See Oregon Statutes 273.006
• Board: means county fair board. See Oregon Statutes 565.010
• Continuance: Putting off of a hearing ot trial until a later time.
• County court: includes board of county commissioners. See Oregon Statutes 565.010
• County fair: means an exhibition held for the purposes of disseminating knowledge concerning, and encouraging the growth and prosperity of, all agricultural, stock raising, horticultural, mining, mechanical, artistic and industrial pursuits in a county, including the racing of animals and vehicles. See Oregon Statutes 565.010
• County fairgrounds: means the ground and all other property owned, leased, used or controlled by a county and devoted to the use of a county fair. See Oregon Statutes 565.010
• Department: means the Department of State Lands. See Oregon Statutes 273.006
• Director: means the Director of the Department of State Lands. See Oregon Statutes 273.006
• 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.
• Land: includes water, water rights, easements of every nature and all appurtenances to land. See Oregon Statutes 273.006
• 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}
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Oversight: Committee review of the activities of a Federal agency or program.
• Quorum: The number of legislators that must be present to do business.
• Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. ^{Source: FDIC}
• State land: means public land controlled by the Department of State Lands. See Oregon Statutes 273.006
• Verdict: The decision of a petit jury or a judge.