Oregon Statutes - Chapter 367 - Transportation Financing; Projects

• 367.010   Definitions for chapter.
  As used in this chapter: (1) “Agency” means any department, agency or commission of the State of Oregon. (2) “Bond” means an evidence of indebtedness...
• 367.015   Oregon Transportation Infrastructure Fund; sources; uses; rules; investment.
  (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...
• 367.020   Loans and other assistance to public and private entities; rules; other authorized purposes.
  (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....
• 367.025   Issuance of infrastructure bonds.
  (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...
• 367.030   Issuance of revenue bonds; bond covenants; maximum amount of bonds.
  (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...
• 367.035   Loans to municipalities; authority of municipalities; repayment plan.
  (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...
• 367.040   Loans to state agencies; loan contract.
  (1) Notwithstanding ORS 283.087 (5), an agency may obtain an infrastructure loan. An agency may agree to pay the infrastructure loan from any or all...
• 367.050   Powers of department.
  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...
• 367.060   Department pledge to ensure loan guarantees; transfer of moneys from State Highway Fund.
  (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...
• 367.066   Definitions for ORS 367.066 and 367.067.
  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...
• 367.067   Short Line Credit Premium Account; rules.
  (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...
• 367.070   Industrial Rail Spur Fund.
  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...
• 367.080   Multimodal Transportation Fund.
  (1) As used in ORS 367.080 to 367.086, “transportation project” has the meaning given that term in ORS 367.010. (2) The Multimodal Transportation Fund is...
• 367.082   Grants and loans from Multimodal Transportation Fund; rules.
  (1) Except as provided in subsection (2) of this section, the Department of Transportation may provide, from moneys in the Multimodal Transportation Fund established by...
• 367.084   Selection of projects.
  (1) The Oregon Transportation Commission shall select transportation projects to be funded with moneys in the Multimodal Transportation Fund established by ORS 367.080. (2)(a) Prior...
• 367.086   Administration of projects.
  (1) The Oregon Transportation Commission shall transfer moneys for aeronautic and airport transportation projects selected under ORS 367.084 from the Multimodal Transportation Fund to the...
• 367.105   Short-term borrowing; conditions; repayment.
  (1) In addition to the authority for short-term borrowing granted in ORS 286A.025 (2)(d) and 286A.045, the Department of Transportation, acting through the State Treasurer,...
• 367.155   [Formerly part of 366.735; repealed by 1981 c.660 §18]
• 367.160   [Formerly 366.740; 1981 c.94 §33; repealed by 1981 c.660 §18]
• 367.161   Definitions for ORS 367.161 to 367.181.
  As used in ORS 367.161 to 367.181: (1) “Federal transportation funds” means funds apportioned or allocated, or anticipated to be apportioned or allocated in the...
• 367.163   Purposes for which bonds may be issued.
  The State Treasurer, at the request of the Department of Transportation, may issue grant anticipation revenue bonds for the purposes of: (1) Financing highway improvement...
• 367.165   [Formerly 366.745; repealed by 1981 c.660 §18]
• 367.166   Requirements for grant anticipation revenue bonds; authority of State Treasurer.
  (1) A grant anticipation revenue bond issued under ORS 367.161 to 367.181: (a) Must contain on its face a statement that the ad valorem taxing...
• 367.168   Revenue declaration.
  (1) Before grant anticipation revenue bonds are issued under ORS 367.161 to 367.181, the Department of Transportation shall prepare a revenue declaration authorizing issuance of...
• 367.170   [Formerly 366.750; repealed by 1981 c.660 §18]
• 367.171   Indenture.
  An indenture under which grant anticipation revenue bonds are issued may provide for: (1) The pledging of all or a portion of the moneys described...
• 367.173   Moneys that may be used for payment of grant anticipation revenue bonds.
  The principal, interest, premium, if any, and the purchase or tender price of the grant anticipation revenue bonds issued under ORS 367.161 to 367.181 are...
• 367.175   [Formerly 366.755; 1975 c.462 §5; repealed by 1981 c.660 §18]
• 367.176   Refunding grant anticipation revenue bonds.
  The State Treasurer may issue grant anticipation revenue bonds to refund outstanding grant anticipation revenue bonds or other obligations, the proceeds of which were used...
• 367.178   Collection and use of federal transportation funds.
  (1) When grant anticipation revenue bonds have been issued under ORS 367.161 to 367.181, the Department of Transportation shall collect federal transportation funds and may,...
• 367.180   [Formerly 366.760; repealed by 1981 c.660 §18]
• 367.181   Limits on obligation of grant anticipation revenue bonds.
  (1) Grant anticipation revenue bonds issued under ORS 367.161 to 367.181 are not general obligations of the State of Oregon or of an agency, department,...
• 367.185   [1975 c.436 §6; repealed by 1981 c.660 §18]
• 367.202   [Formerly 366.625; repealed by 1963 c.61 §1]
• 367.204   [Formerly 366.627; repealed by 1963 c.61 §1]
• 367.206   [Formerly 366.629; repealed by 1963 c.61 §1]
• 367.208   [Formerly 366.631; repealed by 1963 c.61 §1]
• 367.210   [Formerly 366.633; repealed by 1963 c.61 §1]
• 367.212   [Formerly 366.635; repealed by 1963 c.61 §1]
• 367.214   [Formerly 366.637; repealed by 1963 c.61 §1]
• 367.216   [Formerly 366.639; repealed by 1963 c.61 §1]
• 367.218   [Formerly 366.641; repealed by 1963 c.61 §1]
• 367.220   [Formerly 366.643; repealed by 1963 c.61 §1]
• 367.226   [Formerly 366.645; repealed by 2003 c.201 §39]
• 367.228   [Formerly 366.650; 1989 c.610 §1; repealed by 2003 c.201 §39]
• 367.230   [Formerly 366.655; repealed by 2003 c.201 §39]
• 367.232   [Formerly 366.660; repealed by 2003 c.201 §39]
• 367.234   [Formerly 366.665; 1981 c.660 §20; repealed by 2003 c.201 §39]
• 367.236   [Formerly 366.670; repealed by 2003 c.201 §39]
• 367.238   [Formerly 366.675; 1975 c.462 §6; 1983 c.740 §120; repealed by 2003 c.201 §39]
• 367.240   [Formerly 366.680; repealed by 1989 c.610 §3]
• 367.242   [Formerly 366.685; repealed by 2003 c.201 §39]
• 367.252   [Formerly 366.688; repealed by 1981 c.660 §18]
• 367.254   [Formerly 366.689; 1967 c.335 §43; repealed by 1981 c.660 §18]
• 367.256   [Formerly 366.690; repealed by 1981 c.660 §18]
• 367.258   [Formerly 366.691; 1981 c.660 §21; 1991 c.67 §91; repealed by 2003 c.201 §39]
• 367.260   [Formerly 366.692; 1975 c.462 §7; repealed by 1981 c.660 §18]
• 367.262   [Formerly 366.693; repealed by 1981 c.660 §18]
• 367.264   [Formerly 366.694; repealed by 1981 c.660 §18]
• 367.266   [Formerly 366.695; repealed by 1981 c.660 §18]
• 367.268   [Formerly 366.696; repealed by 1981 c.660 §18]
• 367.270   [Formerly 366.697; repealed by 1981 c.660 §18]
• 367.282   [Formerly 366.6980; repealed by 1981 c.660 §18]
• 367.284   [Formerly 366.6981; repealed by 1981 c.660 §18]
• 367.286   [Formerly 366.6982; 1967 c.335 §44; repealed by 1981 c.660 §18]
• 367.288   [Formerly 366.6983; repealed by 1981 c.660 §18]
• 367.290   [Formerly 366.6984; repealed by 1981 c.660 §18]
• 367.292   [Formerly 366.6985; 1975 c.462 §8; repealed by 1981 c.660 §18]
• 367.294   [Formerly 366.6986; repealed by 1981 c.660 §18]
• 367.296   [Formerly 366.6987; repealed by 1981 c.660 §18]
• 367.298   [Formerly 366.6988; repealed by 1981 c.660 §18]
• 367.300   [Formerly 366.6989; repealed by 1981 c.660 §18]
• 367.302   [Formerly 366.6990; repealed by 1981 c.660 §18]
• 367.324   [Formerly 366.7000; repealed by 1981 c.660 §18]
• 367.326   [Formerly 366.7001; repealed by 1981 c.660 §18]
• 367.328   [Formerly 366.7002; 1967 c.335 §45; repealed by 1981 c.660 §18]
• 367.330   [Formerly 366.7003; repealed by 1981 c.660 §18]
• 367.332   [Formerly 366.7004; repealed by 1981 c.660 §18]
• 367.334   [Formerly 366.7005; 1975 c.462 §9; repealed by 1981 c.660 §18]
• 367.336   [Formerly 366.7006; repealed by 1981 c.660 §18]
• 367.338   [Formerly 366.7007; repealed by 1981 c.660 §18]
• 367.340   [Formerly 366.7008; repealed by 1981 c.660 §18]
• 367.344   [Formerly 366.7009; repealed by 1981 c.660 §18]
• 367.346   [Formerly 366.7010; repealed by 1981 c.660 §18]
• 367.365   [Formerly 366.7020; repealed by 1981 c.660 §18]
• 367.370   [Formerly 366.7021; 1981 c.660 §48; repealed by 2003 c.201 §39]
• 367.372   [1961 c.381 §2; repealed by 1981 c.660 §18]
• 367.380   [Formerly 366.7022; 1967 c.335 §46; repealed by 1981 c.660 §18]
• 367.385   [Formerly 366.7023; repealed by 1981 c.660 §18]
• 367.390   [Formerly 366.7024; repealed by 1981 c.660 §18]
• 367.395   [Formerly 366.7025; 1975 c.462 §10; repealed by 1981 c.660 §18]
• 367.400   [Formerly 366.7026; repealed by 1981 c.660 §18]
• 367.405   [Formerly 366.7027; repealed by 1981 c.660 §18]
• 367.410   [Formerly 366.7028; repealed by 1981 c.660 §18]
• 367.415   [Formerly 366.7029; 1981 c.660 §49; repealed by 2003 c.201 §39]
• 367.420   [Formerly 366.7030; repealed by 1981 c.660 §18]
• 367.425   [1961 c.345 §3; repealed by 1981 c.660 §18]
• 367.430   [1961 c.345 §4; 1981 c.660 §50; repealed by 2003 c.201 §39]
• 367.465   [1961 c.483 §1; repealed by 1981 c.660 §18]
• 367.470   [1961 c.483 §2; repealed by 1981 c.660 §18]
• 367.480   [1961 c.483 §3; 1967 c.335 §47]
• 367.485   [1961 c.483 §4; repealed by 1981 c.660 §18]
• 367.490   [1961 c.483 §5; repealed by 1981 c.660 §18]
• 367.495   [1961 c.483 §6; 1975 c.462 §11; repealed by 1981 c.660 §18]
• 367.500   [1961 c.483 §7; repealed by 1981 c.660 §18]
• 367.505   [1961 c.483 §8; repealed by 1981 c.660 §18]
• 367.510   [1961 c.483 §9; repealed by 1981 c.660 §18]
• 367.520   [1961 c.483 §10; repealed by 1981 c.660 §18]
• 367.550   [1973 c.698 §1; repealed by 2003 c.201 §39]
• 367.555   Authority to issue general obligation bonds.
  The Department of Transportation may request the State Treasurer to issue general obligation bonds of the State of Oregon used to provide funds to defray...
• 367.560   Disposition and use of general obligation bond proceeds.
  All moneys obtained from the sale of general obligation bonds under ORS 367.555 to 367.600 must be paid over to the State Treasurer and credited...
• 367.565   Procedure for issuing general obligation bonds under ORS 367.555 to 367.600.
  The Department of Transportation shall request the State Treasurer to issue general obligation bonds under ORS 367.555 to 367.600 in accordance with ORS chapter 286A....
• 367.570   [1973 c.698 §5; repealed by 1981 c.660 §18]
• 367.575   [1973 c.698 §6; repealed by 1981 c.660 §18]
• 367.580   [1973 c.698 §7; repealed by 1981 c.660 §18]
• 367.585   [1973 c.698 §8; repealed by 1981 c.660 §18]
• 367.590   [1973 c.698 §9; repealed by 1981 c.660 §18]
• 367.595   Setting aside sufficient moneys to pay maturing obligations.
  The Department of Transportation shall compute and determine in January of each year, after the sale of bonds under ORS 367.555 to 367.600, the amount...
• 367.600   Compliance with constitutional debt limits.
  The State Treasurer on behalf of the Department of Transportation may not issue or sell general obligation bonds under ORS 367.555 to 367.600 that, singly...
• 367.605   Source of funds to secure Highway User Tax Bonds.
  (1) Moneys deposited in the State Highway Fund established under ORS 366.505 are pledged to payment of Highway User Tax Bonds issued under ORS 367.615....
• 367.610   [1985 c.551 §2a; repealed by 2003 c.201 §39]
• 367.615   Bond issuance; bonds not general obligation; conditions for issuance of additional bonds; use of bond proceeds.
  (1) The Department of Transportation may request the State Treasurer to issue and sell revenue bonds known as Highway User Tax Bonds as provided in...
• 367.620   Limitation on bond amount.
  (1) The principal amount of Highway User Tax Bonds issued under ORS 367.615 shall be subject to the provisions of ORS 286A.035. (2) Highway User...
• 367.621   Use of private sector resources in specified work.
  It is the policy of the State of Oregon to use increased revenues from the amendments to ORS 803.090, 803.420, 818.225, 825.476 and 825.480 by...
• 367.622   Preservation and modernization projects funded by specified bonds; rules; selection criteria.
  (1) As used in this section: (a) “Highway” has the meaning given that term in ORS 801.305. (b) “Modernization” means improvements that add capacity to...
• 367.623   Consultation with local governments for project selection.
  In establishing criteria other than those specified in ORS 367.622 for selection of projects, and in choosing projects under ORS 367.622, the Oregon Transportation Commission...
• 367.625   [1985 c.551 §4a; repealed by 1999 c.1036 §6]
• 367.630   Highway revenue declaration; contents; purpose.
  (1) Before bonds are issued under ORS 367.615, the Department of Transportation must prepare a highway revenue declaration authorizing issuance of the bonds. The declaration...
• 367.635   Bond form, issuance and maturity; provisions subject to determination of State Treasurer.
  (1) A bond issued under ORS 367.615: (a) Must contain on its face a statement that the ad valorem taxing power of this state or...
• 367.640   Indenture; provisions.
  An indenture under which bonds described under ORS 367.615 are issued may provide for any or all of the following: (1) The pledging of moneys...
• 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...
• 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...
• 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...
• 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...
• 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...
• 367.670   [1985 c.551 §13; repealed by 2007 c.783 §234]
• 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...
• 367.705   Use of funds; priority.
  (1) The Department of Transportation shall make loans to cities and counties from funds available under ORS 367.700 to 367.750 for the purposes stated in...
• 367.710   Repayment by city or county; interest.
  (1) The Department of Transportation shall cause cities and counties that receive funds under ORS 367.705 to repay bond debt service by withholding from payments...
• 367.715   Procedure for issuing bonds under ORS 367.700 to 367.750.
  All bonds issued under ORS 367.700 to 367.750 must be issued in accordance with ORS chapter 286A. [1975 c.211 §4; 1981 c.660 §35; 2003 c.201...
• 367.720   [1975 c.211 §5; repealed by 1981 c.660 §18]
• 367.725   [1975 c.211 §6; repealed by 1981 c.660 §18]
• 367.730   [1975 c.211 §7; repealed by 1981 c.660 §18]
• 367.735   [1975 c.211 §8; repealed by 1981 c.660 §18]
• 367.740   [1975 c.211 §9; repealed by 1981 c.660 §18]
• 367.745   Setting aside sufficient moneys to pay maturing bonds.
  The Department of Transportation shall compute and determine in January of each year, after the sale of bonds under ORS 367.700 to 367.750, the amount...
• 367.750   Constitutional debt limits not to be exceeded.
  The Department of Transportation may not issue or sell general obligation bonds under ORS 367.700 to 367.750 that, singly or in the aggregate with previous...
• 367.800   Findings.
  The Legislative Assembly finds that: (1) Entrepreneurial approaches to the acquisition, design, management and financing of transportation projects will accelerate cost-effective project delivery. (2) Entrepreneurial...
• 367.802   Definitions.
  As used in ORS 367.800 to 367.824: (1) “Agreement” means a written agreement, including but not limited to a contract, for a transportation project that...
• 367.804   Goals of Oregon Innovative Partnerships Program; authority of Department of Transportation; confidentiality; expenses.
  (1) The Department of Transportation shall establish the Oregon Innovative Partnerships Program for the planning, acquisition, financing, development, design, construction, reconstruction, replacement, improvement, maintenance, management,...
• 367.806   Agreements.
  (1) As part of the program established under ORS 367.804, the Department of Transportation may: (a) Enter into any agreement or any configuration of agreements...
• 367.808   Evaluation of proposed agreements; role of Attorney General.
  (1) At the request of the Department of Transportation, the Attorney General may appoint special assistant attorneys general for the purpose of evaluating partnership agreements...
• 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...
• 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...
• 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...
• 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...
• 367.818   Eminent domain powers.
  The Department of Transportation may exercise the power of eminent domain to acquire property, rights of way or other rights in property for transportation projects...
• 367.820   Creation of district; use of revenues within district.
  An agreement among the Department of Transportation and other units of government may create a new district, or designate a previously existing district, that includes...
• 367.822   Advisory committees on transportation projects; rules.
  (1) The Department of Transportation and any unit of government that participates in a transportation project may establish advisory committees to advise the department or...
• 367.824   Rules; supremacy of federal law.
  (1) The Department of Transportation may adopt any rules it considers necessary to implement the provisions of ORS 367.800 to 367.824. (2) Notwithstanding any provision...
• 367.826   Reports to Emergency Board.
  (1) The Department of Transportation shall report to the Emergency Board at least twice during each interim regarding the transportation projects proposed or agreed to...

Last modified: August 7, 2008