As used in this chapter: (1) “Agency” means any department, agency or commission of the State of Oregon. (2) “Bond” means a contractual undertaking or an instrument to borrow money including, but not limited to, a bond, a note, an obligation, a loan agreement, a financing lease, a financing agreement or other similar instrument or […]
(1) There is established in the State Treasury, separate and distinct from the General Fund, the Oregon Transportation Infrastructure Fund. All moneys in the infrastructure fund are continuously appropriated to the Department of Transportation for the purposes of ORS 367.010 to 367.067. (2) The infrastructure fund consists of: (a) Moneys appropriated to the infrastructure fund […]
(1) Moneys in the Oregon Transportation Infrastructure Fund may be used to make infrastructure loans and provide infrastructure assistance to any public or private entity. The Oregon Transportation Commission shall adopt rules that prescribe procedures and standards for making infrastructure loans and providing infrastructure assistance. (2) Moneys in the infrastructure fund may be used for […]
(1) If the Department of Transportation determines that it is necessary or desirable to issue infrastructure bonds to provide moneys for the Oregon Transportation Infrastructure Fund, the department shall ask the State Treasurer to issue infrastructure bonds. (2) Infrastructure bonds shall be issued as provided in ORS chapter 286A. [1997 c.679 §5; 2001 c.536 §9; […]
(1) To provide moneys for the Oregon Transportation Infrastructure Fund or to refund bonds authorized by this section, the State Treasurer may, at the request of the Department of Transportation, issue revenue bonds of the State of Oregon that are payable solely from all or any portion of the moneys deposited in the infrastructure fund […]
(1) Notwithstanding any other provision of law or any restriction on indebtedness contained in a charter, a municipality may obtain an infrastructure loan from the Department of Transportation by entering into a loan contract with the department. A municipality that obtains an infrastructure loan may pledge to the repayment of the loan all or any […]
(1) Notwithstanding ORS 283.087 (4), an agency may obtain an infrastructure loan the principal amount of which, when combined with the principal amount of financing agreements previously entered into for the same project, is more than $100,000 for the project. An agency may agree to pay the infrastructure loan from any or all of the […]
The Department of Transportation may: (1) Make all contracts and agreements, execute and deliver all instruments and do all things necessary or convenient to provide financial assistance for transportation projects in accordance with ORS 367.010 to 367.067 or to perform covenants made to secure infrastructure bonds; and (2) Enter into and perform such contracts and […]
(1) The Department of Transportation shall consult with the legislative committees related to transportation during a session of the Legislative Assembly, or the interim legislative committees related to transportation, prior to expending federal funds received under a federal law that provides general economic stimulus moneys to this state that may be used by the department […]
(1) The Department of Transportation may pledge not more than $50 million to ensure the repayment of loan guarantees or other extensions of credit made to or on behalf of municipalities to finance transportation projects or to ensure repayment of loan guarantees or other extensions of credit as provided in ORS 367.816. The lien of […]
As used in this section and ORS 367.067: (1) “Credit premium” means the amount required to be paid to the United States Secretary of Transportation before disbursement of a federal loan under RRIFP. (2) “RRIFP” means the Railroad Rehabilitation and Improvement Financing Program, 49 C.F.R. 260 et seq. (3) “Short line railroad” means a Class […]
(1) The Short Line Credit Premium Account is established as an account in the Oregon Transportation Infrastructure Fund. Moneys in the Short Line Credit Premium Account are continuously appropriated to the Department of Transportation for the purpose of carrying out the provisions of this section. (2) A short line railroad may apply to the Department […]
The Industrial Rail Spur Fund is established separate and distinct from the General Fund. The moneys in the Industrial Rail Spur Fund and the interest earnings of the fund are continuously appropriated to the Department of Transportation for the purpose of financing grants and loans to fund industrial rail spurs. The fund consists of moneys […]
(1) As used in ORS 367.080 to 367.086: (a) “Private entity” means any entity that is not a public body, including but not limited to a corporation, partnership, company, nonprofit organization or other legal entity or natural person. (b) “Public body” has the meaning given that term in ORS 174.109. (c)(A) “Transportation project” means a […]
(1) Each biennium, the Department of Transportation may provide grants for transportation projects under ORS 367.080 only if the department determines that $50 million or more will be available in the Connect Oregon Fund for the biennium in which the grants are provided. (2) The department may use up to one percent of the amounts […]
(1) Except as provided in subsection (2) of this section, the Department of Transportation may provide, from moneys in the Connect Oregon Fund established under ORS 367.080, grants for transportation projects to public bodies, as defined in ORS 174.109, and to private entities. (2) Grants may not be made from the Connect Oregon Fund for […]
(1) The Oregon Transportation Commission shall select transportation projects to be funded with moneys in the Connect Oregon Fund established under ORS 367.080. (2)(a) Prior to selecting transportation projects, the commission shall seek input from the applicable area commission on transportation. (b) Prior to selecting aeronautic and airport transportation projects, the commission shall solicit recommendations […]
(1) The Department of Transportation, in cooperation with the Oregon Department of Aviation, shall administer aeronautic and airport transportation projects selected under ORS 367.084 for funding with moneys in the Connect Oregon Fund. The Oregon Department of Aviation may use moneys from the Connect Oregon Fund to pay administrative costs incurred by the Oregon Department […]
(1) As used in this section and ORS 367.093: (a) “Private entity” means any entity that is not a public body, including but not limited to a corporation, partnership, company, nonprofit organization or other legal entity or natural person. (b) “Public body” has the meaning given that term in ORS 174.109. (c) “Transportation project” means […]
(1) The Department of Transportation shall establish the Multimodal Active Transportation Program. The department may provide, from moneys in the Multimodal Active Transportation Fund established under ORS 367.091, grants for transportation projects to public bodies and to private entities. (2) The department shall adopt rules specifying the process by which a public body or private […]
