(1) There is created a body politic and corporate to be known as the Oregon Facilities Authority. The authority is constituted a public instrumentality, and the exercise by the authority of the powers conferred by this chapter is the performance of an essential public function.
(2) The authority consists of seven members who must be residents of this state, not more than four of whom are members of the same political party. The State Treasurer shall appoint the members, and members serve at the pleasure of the State Treasurer. At least one of the members must be an individual knowledgeable in the field of state and municipal finance. At least one of the members must be an individual knowledgeable in the building construction field.
(3) Upon the expiration of the term of a member, the State Treasurer shall appoint a successor for a term of four years.
(4) The State Treasurer shall appoint an individual to fill a vacancy for the remainder of the unexpired term. [1989 c.820 §3; 1991 c.408 §2; 2001 c.261 §1; 2007 c.785 §3]
Note: Section 6, chapter 785, Oregon Laws 2007, provides:
Sec. 6. Notwithstanding the term of office of members of the Oregon Facilities Authority specified in ORS 289.100, for the purpose of maintaining or improving the staggering of terms of individual members, the State Treasurer may establish shorter terms for the first members appointed to increase the membership of the authority from five members to seven members pursuant to the amendments to ORS 289.100 by section 3 of this 2007 Act. [2007 c.785 §6]Section: Previous 289.005 289.010 289.100 289.105 289.110 289.115 289.120 289.125 289.130 289.200 289.205 289.210 289.215 289.220 289.225 Next
Last modified: August 7, 2008