276.625 Authority to acquire options; contingency; legislative review agency approval
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/or/ors-chapter-276/options/276-625A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
276.625 Authority to acquire options; contingency; legislative review agency approval. The Oregon Department of Administrative Services may acquire options, enter into earnest money agreements and enter into similar arrangements to obtain the right to acquire real property, any improvements erected upon the property and any appurtenances connected with the property. However, the department’s exercise of any rights under such an option, agreement or arrangement, shall be made contingent upon the department first obtaining the approval of the legislative review agency as defined in ORS 291.371.
Before removing the contingency, the department shall first obtain the approval of the proposed purchase from the legislative review agency as defined in ORS 291.371. [1985 c.276 §2; 2016 c.117 §45]