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Oregon Library Laws - Revised Statutes - Special Districts: Miscellaneous
Oregon Revised Statutes
Chapter 198 - Special Districts Generally
 
MISCELLANEOUS
 
198.605 Local service districts. Local service districts, as defined by ORS 174.116, are municipal corporations.
 
198.608 Unfunded PERS liability or surplus upon split, consolidation or merger of districts. If a district splits into two or more districts, or two or more districts consolidate or merge, the districts affected by the split, consolidation or merger, including districts created by the split, consolidation or merger, must enter into a written agreement that addresses any unfunded Public Employees Retirement System liabilities or surpluses and deliver a copy of the agreement to the Public Employees Retirement Board as required by ORS 238.231.
  
198.611 Power of district to contract for purchase or lease of real or personal property.
(1) A district may enter into a contract for the purchase or for the lease with option to purchase of real or personal property when the period of time allowed for payment under the contract does not exceed 30 years. A district entering into a contract authorized by this subsection may budget funds annually for payment of amounts due under the contract in each year during the term of the contract, unless the contract is terminated sooner in accordance with its terms.
 
(2) The powers granted to districts by this section are in addition to any other powers possessed by districts in this state, and this section may not be construed to limit such powers.