Section 391.630 – Investments of surplus moneys.
The Oregon Mass Transportation Financing Authority may invest any surplus moneys in investments permitted by ORS 294.035. [1977 c.662 §15]
Section 391.640 – Investment in authority’s bonds authorized.
The state and all counties, cities and other municipal corporations, all banking institutions and building and loan associations, savings and loan associations, investment companies, insurance companies and associations, and all personal representatives, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in […]
Section 391.650 – Severability of ORS 391.500 to 391.660.
If any one or more sections or provisions of ORS 267.227 and 391.500 to 391.660, or the application thereof to any person or circumstance, shall ever be held by any court of competent jurisdiction to be invalid, the remaining provisions of ORS 267.227 and 391.500 to 391.660 and the application thereof to persons or circumstances […]
Section 391.660 – Short title.
ORS 267.227 and 391.500 to 391.660 may be referred to and cited as the “Oregon Mass Transportation Financing Act.” [1977 c.662 §1]
Section 391.800 – Elderly and Disabled Special Transportation Fund.
(1) There is established in the State Treasury, separate and distinct from the General Fund, the Elderly and Disabled Special Transportation Fund. All moneys in the Elderly and Disabled Special Transportation Fund are appropriated continuously to the Department of Transportation for payment of the department’s administrative costs of the program and payment to mass transit […]
Section 391.802 – Definition for ORS 391.800 to 391.830.
As used in ORS 391.800 to 391.830, “Indian tribe” means a federally recognized Indian tribe in Oregon that has members residing on a reservation or tribal trust lands in Oregon. [2003 c.751 §2] Note: 391.802 is repealed July 1, 2023. See sections 1 and 19, chapter 15, Oregon Laws 2020 (first special session).
Section 391.810 – Distribution of funds to districts, Indian tribes and counties; rules.
(1) The Department of Transportation shall distribute three-quarters of the moneys in the Elderly and Disabled Special Transportation Fund, including the interest attributable thereto, to mass transit districts organized under ORS 267.010 to 267.394, transportation districts organized under ORS 267.510 to 267.650, Indian tribes and to those counties in which no part of a mass […]
Section 391.815 – Discretionary grant account; purpose; application for grant; grant approval; distribution of moneys.
(1) After the requirements of ORS 391.810 have been satisfied, the Department of Transportation shall set aside and transfer the remainder of the moneys in the Elderly and Disabled Special Transportation Fund to a discretionary grant account established as an account in the Elderly and Disabled Special Transportation Fund. (2) The moneys in the discretionary […]
Section 391.820 – Advisory committees; membership; duties.
(1) The governing body of each mass transit district, transportation district, Indian tribe or county that receives moneys from the Elderly and Disabled Special Transportation Fund under ORS 391.810 shall appoint an advisory committee to advise and assist the governing body in carrying out the purposes of ORS 391.800 to 391.830. The number and terms […]
Section 391.570 – Bonds; form; conditions; issuance; refunding.
(1) Bonds may be issued as serial bonds or as term bonds or a combination of both types. The board may provide that such bonds: (a) May be executed and delivered by the Oregon Mass Transportation Financing Authority at any time and from time to time in such amounts including all necessary and incidental expenses, […]