2013 ORS § 351.160¹
Construction and acquisition of buildings and structures

(1) The State Board of Higher Education may undertake the construction of any building or structure for higher education when the board conservatively estimates that the Oregon University System will have sufficient revenues to pay the operating costs and any indebtedness for the building or structure. For purposes of this section, revenues includes all funds available to the board except amounts appropriated by the Legislative Assembly from the General Fund. The board may enter into contracts for the acquisition, erection, improvement, repair, equipping and furnishing of buildings and structures for dormitories, housing, boarding, off-street motor vehicle parking facilities and other purposes for higher education pursuant to Article XI-F(1) of the Oregon Constitution, ORS 351.160 (Construction and acquisition of buildings and structures) to 351.190 (Acquisition of land for building purposes), 351.350 (Bond issue for self-liquidating higher education purposes) to 351.460 (Account for payment of principal and interest of Article XI-F(1) and Article XI-G bonds and financial agreements) and 351.505 (Federal aid).

(2) The board may also undertake the acquisition or construction of those buildings and structures that the Legislative Assembly has determined will benefit higher education institutions or activities, and may enter into contracts with persons, firms or corporations for the acquisition, erection, improvement, repair, equipping and furnishing of such buildings and structures pursuant to Article XI-G of the Oregon Constitution and ORS 351.345 (Bond issue for higher education and community college projects). [Amended by 1963 c.573 §5; 1963 c.584 §2; 1991 c.220 §8; 2011 c.2 §9]

Note: Section 26, chapter 747, Oregon Laws 2013, provides:

Sec. 26. For purposes of Article XI-M, section 1, of the Oregon Constitution, a building owned by the State Board of Higher Education includes a building owned by:

(1) The State Board of Higher Education on the date before the effective date [August 14, 2013] of this 2013 Act that, as a result of sections 6 to 24 of this 2013 Act and the amendments to ORS 351.715 (Higher Education Coordinating Commission) and 351.735 (Duties and powers) and section 2, chapter 637, Oregon Laws 2011, by sections 1 to 5 of this 2013 Act, is on the effective date of this 2013 Act owned by another agency or public corporation of this state and used for purposes within the authority of the board on the date before the effective date of this 2013 Act.

(2) An agency or public corporation of this state on or after the effective date of this 2013 Act and used for purposes within the authority of the board before the effective date of this 2013 Act. [2013 c.747 §26]