(2) The authority consists of seven members who must be residents of this state, not more than four of whom are members of the same political party. The State Treasurer shall appoint the members, and members serve at the pleasure of the State Treasurer. At least one of the members must be an individual knowledgeable in the field of state and municipal finance. At least one of the members must be an individual knowledgeable in the building construction field.
(3) Upon the expiration of the term of a member, the State Treasurer shall appoint a successor for a term of four years.
(4) The State Treasurer shall appoint an individual to fill a vacancy for the remainder of the unexpired term. [1989 c.820 §3; 1991 c.408 §2; 2001 c.261 §1; 2007 c.785 §3]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 289 - Oregon Facilities Financing
Section 289.005 - Definitions for ORS chapter 289.
Section 289.010 - Findings; purpose.
Section 289.100 - Oregon Facilities Authority; members; qualifications; term.
Section 289.110 - Duties and powers with respect to projects.
Section 289.125 - Rules; fees.
Section 289.220 - Covenants regarding bond issuance.
Section 289.225 - Sources of bond repayment restricted; recitations in bonds.
Section 289.230 - Actions by bondholders to enforce rights.
Section 289.240 - Report of bonding activities; rules.
Section 289.250 - Limitation on income tax exemption for interest on revenue bonds.