Terms Used In Oregon Statutes > Chapter 743B > Substitution, Rescission, Termination and Continuation > Rescission

• City: includes any incorporated village or town. See Oregon Statutes 174.100
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• district: means an incorporated people's utility district, created under the provisions of this chapter. See Oregon Statutes 261.010
• Electric cooperative: means a cooperative corporation owning and operating an electric distribution system. See Oregon Statutes 261.010
• Fraud: Intentional deception resulting in injury to another.
• Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
• Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
• Utility: means a plant, works or other property used for development, generation, storage, distribution or transmission of electricity, or development or transmission of water for domestic or municipal purposes, but transmission of water shall not include water for irrigation or reclamation purposes, except as secondary to and when used in conjunction with a hydroelectric plant. See Oregon Statutes 261.010