Oregon Statutes - Chapter 381 - Interstate Bridges - Section 381.245 - Payment of bond principal and interest with bridge tolls.

If any bridge constructed, purchased or otherwise acquired under ORS 381.205 to 381.305 is operated as a toll bridge, and the revenues or any part thereof derived as a result of the tolls and charges collected have been pledged and revenue bonds issued, in fixing and determining the amount of tolls to be charged consideration shall be given, among other things, to the amount necessary to be received to pay the interest upon the revenue bonds and to provide for the retirement of the principal of the bonds. Provisions shall be made for the application of the revenue so received to the payment of the interest and principal of the revenue bonds as their respective payments become due.

Section:  Previous  381.225  381.227  381.230  381.235  381.237  381.239  381.240  381.245  381.250  381.255  381.260  381.265  381.270  381.275  381.280  Next

Last modified: August 7, 2008