Terms Used In Oregon Statutes > Chapter 289 > General Provisions

• Authority: means the Oregon Facilities Authority created by this chapter. See Oregon Statutes 289.005
• Cost: means the cost of:

  (A) Construction, acquisition, alteration, enlargement, reconstruction and remodeling of a project, including all lands, structures, real or personal property, rights, rights of way, air rights, franchises, easements and interests acquired or used for or in connection with a project;

  (B) Demolition or removal of buildings or structures on land as acquired, including the cost of acquiring lands to which the buildings or structures may be moved;

  (C) All machinery and equipment;

  (D) Financing charges, interest prior to, during and for a period after completion of construction and acquisition, reasonably required amounts to make the project operational, provisions for reserves for principal and interest and for extensions, enlargements, additions, replacements, renovations and improvements;

  (E) Architectural, actuarial engineering, financial and legal services, plans specifications, studies, surveys, estimates of costs and of revenues, administrative expenses, expenses necessary or incident to determining the feasibility or practicability of constructing the project;

  (F) Management, operation or funding of a qualified program; and

  (G) Other expenses that are necessary or incident to a project, the financing of the project or the placing of the project in operation. See Oregon Statutes 289.005

• Cultural institution: means a public or nonprofit institution within this state which engages in the cultural, intellectual, scientific, environmental, educational or artistic enrichment of the people of this state. See Oregon Statutes 289.005
• Health care institution: means a public or nonprofit organization within this state that provides health care and related services, including but not limited to the provision of inpatient and outpatient care, diagnostic or therapeutic services, laboratory services, medicinal drugs, nursing care, assisted living, elderly care and housing, including retirement communities, and equipment used or useful for the provision of health care and related services. See Oregon Statutes 289.005
• Housing institution: means a public or nonprofit organization within this state that provides decent, affordable housing to low-income persons. See Oregon Statutes 289.005
• Institution: means a cultural institution, a health care institution, a housing institution, an institution for higher education, an institution for prekindergarten through grade 12 education, a school for persons with disabilities or another nonprofit. See Oregon Statutes 289.005
• Institution for higher education: means a public or nonprofit educational institution within this state authorized by law to provide a program of education beyond the high school level, including community colleges and associate degree granting institutions. See Oregon Statutes 289.005
• Nonprofit: means an institution, organization or entity within this state exempt from taxation under section 501(c)(3) of the Internal Revenue Code as defined in ORS § 314. See Oregon Statutes 289.005
• Project: means the financing or refinancing of the costs, including, without limitation, acquisition, construction, enlargement, remodeling, renovation, improvement, furnishing and equipping, of the following:

  (i) In the case of a participating institution that is an institution for higher education, an institution for prekindergarten through grade 12 education or a school for persons with disabilities, a structure, within this state or outside this state, that is suitable for use as a dormitory or other multiunit housing facility for students, faculty, officers or employees, or a dining hall, student union, administration building, academic building, library, laboratory, research facility, classroom, athletic facility, health care facility, maintenance, storage or utility facility and other structures or facilities, within this state or outside this state, that are related to any of the structures required or used for the instruction of students, the conducting of research or the operation of an institution for higher education, an institution for prekindergarten through grade 12 education or a school for persons with disabilities. See Oregon Statutes 289.005

• Qualified program: means a financing program, or other activities, of a participating institution that is eligible for financing through the issuance of revenue bonds the interest on which is:

  (A) Excluded from gross income for federal income tax purposes; or

  (B) Eligible for a federal tax credit or subsidy under the Internal Revenue Code. See Oregon Statutes 289.005

• revenue bonds: means revenue bonds, as defined in ORS § 286A. See Oregon Statutes 289.005
• School for persons with disabilities: means a public or nonprofit primary, secondary or post-secondary school within this state or outside this state that serves students at least 70 percent of whom are persons with disabilities as determined by one or more appropriate education, rehabilitation, medical or mental health authorities, is accredited by a recognized accrediting body and is determined by the authority to be a major resource of benefit to persons with disabilities. See Oregon Statutes 289.005
• within this state: means that the institution:

  (a) Maintains its headquarters, principal office or primary place of business in the State of Oregon;

  (b) Owns or operates one or more facilities in the State of Oregon at which it conducts operations in furtherance of its institutional mission; or

  (c) Is owned or controlled by, or affiliated under common ownership with, an institution described in paragraph (a) or (b) of this subsection. See Oregon Statutes 289.005