Oregon Statutes - Chapter 458 - Housing and Community Services Programs; Individual Development Accounts - Section 458.460 - Bidding procedure for multiple applicants.

In the event that more than one housing authority or appropriate nonprofit organization is interested in a building available for transfer under ORS 458.405 to 458.460, the state or its agency shall conduct a bidding process that takes into account:

(1) The entity most capable of delivering services and housing options to conform with the purpose of ORS 458.405 to 458.460;

(2) The fiduciary obligation of the state and its agencies to bondholders; and

(3) Financial prudence. [1989 c.440 §10]

Section:  Previous  458.415  458.420  458.425  458.430  458.440  458.445  458.450  458.460  458.505  458.510  458.515  458.525  458.530  458.532  458.535  Next

Last modified: August 7, 2008