The State Board of Higher Education may cause the buildings, structures or projects referred to in ORS 351.160 and 351.170 and the equipment and furnishings therein and the appurtenances thereto to be insured against fire and other hazards in such sums as will protect the holders of the outstanding bonds issued to finance the cost thereof. Such insurance shall be in lieu of that afforded by the Insurance Fund, without right of insurers, in the event of loss, to subrogation to or contribution from said fund. [Amended by 1963 c.584 §4; 1985 c.731 §27]
Section: Previous 351.140 351.150 351.153 351.155 351.160 351.165 351.170 351.180 351.190 351.195 351.200 351.203 351.205 351.210 351.220 NextLast modified: August 7, 2008