Public Universities

ORS 352.171
Insurance for buildings, structures and projects


The governing board of a public university listed in ORS 352.002 (Public universities) may cause the buildings, structures or projects referred to in ORS 352.157 (Construction and acquisition of buildings and structures) and 352.163 (Rates, charges and fees for use of buildings, structures and projects) and the equipment and furnishings therein and the appurtenances thereto to be insured against fire and other hazards in such sums as will protect the holders of the outstanding bonds issued to finance the cost thereof. Such insurance shall be in lieu of that afforded by the Insurance Fund, without right of insurers, in the event of loss, to subrogation to or contribution from said fund. [Formerly 351.180]

Source

Last accessed
Jun. 26, 2021