71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 2775
 
                         Senate Bill 942
 
Sponsored by Senator CASTILLO (at the request of Eugene Water and
  Electric Board)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Grants authority to city to plan, finance, construct, acquire,
operate, own and maintain common facilities with one or more
persons.
  Declares emergency, effective on passage.
 
                        A BILL FOR AN ACT
Relating to municipal electric utilities; amending ORS 225.470;
  and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 225.470 is amended to read:
  225.470. In addition to the powers otherwise conferred on
cities of this state, such a city owning and operating an
electric light and power system may plan, finance, construct,
acquire, operate, own and maintain an undivided interest in
common facilities within or without the state jointly with one or
more other cities, with one or more districts, with one or more
electric cooperatives or with one or more   { - privately owned
electric utility companies subject to regulation by other - }
persons, or with any combination of such cities, districts,
electric cooperatives or persons, and may make such plans and
enter into such contracts and agreements as are necessary or
appropriate for such joint planning, financing, construction,
acquisition, operation, ownership or maintenance.
  SECTION 2.  { + This 2001 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2001 Act takes effect on its
passage. + }
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