Oregon Statutes 461.440 – Commissions authority to contract; rules
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Subject to rules adopted by the commission, the Director of the Oregon State Lottery may enter into all contracts necessary to accomplish the purposes of this chapter. The rules shall cover contracts for materials, supplies, equipment, services and professional services and to the extent that is reasonable shall follow the public policy of open competitive procurement. The commission shall also consider security, competence, experience, timely performance and maximization of net revenues in developing rules governing procurement actions. All contract awards for major procurements shall be approved by the commission. [1985 c.2 § 6(5); 1985 c.302 § 6(5)]
Terms Used In Oregon Statutes 461.440
- Contract: A legal written agreement that becomes binding when signed.