Section 367.645 – Reserve account.
The Department of Transportation may establish a separate reserve account to provide additional security for bonds issued under ORS 367.615. The following apply to any account established under this section: (1) The account may be established as part of the highway fund or separately. (2) The establishment of an account does not, in itself, limit […]
Section 367.810 – State Transportation Enterprise Fund.
(1) The State Transportation Enterprise Fund is established separate and distinct from the General Fund. Interest earned by the State Transportation Enterprise Fund shall be credited to the fund. (2) The following moneys shall be deposited into the State Transportation Enterprise Fund: (a) Proceeds from bonds or other financing instruments issued under the provisions of […]
Section 367.650 – Trust indenture to secure bonds; provisions.
At the discretion of the State Treasurer, bonds issued under ORS 367.615 may be secured by a trust indenture. A trust indenture established under this section is subject to the following: (1) The trust indenture shall be by and between the state and a trustee. (2) The trustee may be any trust company or bank […]
Section 367.812 – Bonds secured by State Transportation Enterprise Fund; financing of transportation projects.
(1) In addition to any authority to issue and sell bonds and other similar obligations, this section establishes continuing authority for the State Treasurer to issue and sell bonds and other similar obligations, at the request of the Department of Transportation, in a manner consistent with this section. To finance any transportation project in whole […]
Section 367.655 – Loan of bond proceeds to cities and counties; use of loans; rules.
(1) Notwithstanding any other provision of law or any provision of charter or local ordinance to the contrary: (a) The Department of Transportation may loan a portion of proceeds from bonds issued under ORS 367.615 to cities and counties; and (b) Cities and counties may borrow moneys under this section. (2) Any loan made under […]
Section 367.814 – Moneys from federal government or other sources.
(1) The Department of Transportation or a unit of government may accept from the United States or any of its agencies such funds as are available to this state or to the unit of government for carrying out the purposes of ORS 367.800 to 367.824, whether the funds are made available by grant, loan or […]
Section 367.660 – Lien on certain moneys pledged for bonds; terms of lien.
If moneys under ORS 367.605 are pledged for purposes of bonds by indenture under ORS 367.640, a lien is established upon the moneys. A lien established by this section is subject to all of the following: (1) The lien is a first lien and security interest and prior charge upon the pledged moneys except to […]
Section 367.816 – Use of moneys in Oregon Transportation Infrastructure Fund for projects.
(1) Notwithstanding ORS 367.020, the Department of Transportation may use moneys in the Oregon Transportation Infrastructure Fund established by ORS 367.015 to ensure the repayment of loan guarantees or extensions of credit made to or on behalf of private entities engaged in the planning, acquisition, financing, development, design, construction, reconstruction, replacement, improvement, maintenance, management, repair, […]
Section 367.665 – Interest on bonds exempt from state income tax.
The interest upon all bonds issued under ORS 367.615 and upon all refunding and advance refunding bonds issued under ORS chapter 286A is exempt from personal income taxation imposed by this state under ORS chapter 316. [1985 c.551 §12; 2007 c.783 §172a]
Section 367.700 – Authority to sell limited amount of bonds under ORS 367.700 to 367.750.
In addition to the authority now vested by any other provision of law state highway bonds of the State of Oregon used to provide funds for purposes of ORS 367.700 to 367.750 in the aggregate principal sum may not exceed $50 million. [1975 c.211 §1; 1981 c.660 §34]