(1) A county may enter into a contract for the purchase or for the lease with option to purchase of real or personal property when:
(a) The period of time allowed for payment under the contract does not exceed 30 years; and
(b) The county is not obligated to make payments under the contract in any fiscal year unless the county governing body includes such payments in the county’s budget for that fiscal year and makes an appropriation therefor.
(2) The powers granted to counties by this section are in addition to any other powers possessed by counties in this state, and this section may not be construed to limit such powers. [2003 c.794 §184]
Note: 203.015 was added to and made a part of ORS chapter 203 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
Section: Previous 203.010 203.015 203.020 203.030 203.035 203.040 203.045 203.050 203.055 203.060 203.065 203.075 203.077 203.079 203.081 NextLast modified: August 7, 2008