As used in ORS 267.227 and 391.500 to 391.660, unless the context otherwise requires:
(1) “Acquire” or “acquisition” means the acquisition, by purchase, lease, gift, grant, devise, construction, installation, reconstruction, repair and alteration, and the equipment, improvement and extension of mass transit facilities.
(2) “Authority” means the Oregon Mass Transportation Financing Authority created by ORS 267.227 and 391.500 to 391.660.
(3) “Board” means the members of the authority created in ORS 391.520.
(4) “District” means a mass transit district established under ORS 267.010 to 267.390.
(5) “Finance” or “financing” means the issuance of revenue bonds pursuant to ORS 391.570 by the authority for the purpose of providing financial assistance to districts.
(6) “Financial assistance” means the providing of methods of financing of costs of mass transit facilities under ORS 267.227 and 391.500 to 391.660.
(7) “Mass transit facility” or “facilities” means any or all property constituting a mass transit system, or any portion thereof, in any manner owned, used, leased or operated by a district and which is located wherever a district is authorized to operate. [1977 c.662 §3]
Section: Previous 391.300 391.301 391.305 391.306 391.310 391.311 391.500 391.510 391.520 391.530 391.540 391.550 391.560 391.570 391.580 NextLast modified: August 7, 2008