Authority of state to lease property not owned by state
(1) The authority to lease property granted by ORS 458.420 (Conveyance of certain state real property for low-income housing) includes authority to lease property not owned or controlled by the state at the time of entering the lease. Such lease shall be conditioned upon the subsequent acquisition of the interest covered by the lease.
(2) Any lease of state real property to be used for the purposes of ORS 458.405 (Legislative findings) to 458.460 (Bidding procedure for multiple applicants) exceeding five years shall be approved in advance by the Oregon Department of Administrative Services. [1989 c.440 §6]
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