2007 ORS 391.560¹
Lease terms for facility financed by bonds

Any lease of a mass transit facility entered into pursuant to the provisions of ORS 267.227 (Relationship with Oregon Mass Transportation Financing Authority) and 391.500 (Declaration of policy) to 391.660 (Short title) shall be for a term not shorter than the longest maturity of any bonds issued to finance such mass transit facility or a portion thereof and shall provide for income, revenues and rentals from all sources pledged to the payment of such bonds adequate to pay the principal, interest and premiums, if any, on such bonds as the same fall due and to create and maintain such reserves and accounts for depreciation, if any, as the board in its discretion shall determine to be necessary. [1977 c.662 §8]

Notes of Decisions

Supreme Court lacked jurisdic­tion to determine constitu­tionality of Oregon Mass Transporta­tion Financing Act where peti­tion, which alleged that Mass Transporta­tion Financing Authority was unable or unwilling to proceed with statutory program in absence of clear declara­tion that Act was constitu­tional, disclosed no constitu­tional controversy invoking either judicial authority of court under Const. Art. VII § 1 or original jurisdic­tion under this Act. In re Oregon Mass Transp. Fin. Auth., 284 Or 241, 586 P2d 784 (1978)

1 Legislative Counsel Committee, CHAPTER 391—Mass Transportation, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­391.­html (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 391, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­391ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.