(1) The State Highway Fund shall consist of:
(a) All moneys and revenues derived under and by virtue of the sale of bonds, the sale of which is authorized by law and the proceeds thereof to be dedicated to highway purposes.
(b) All moneys and revenues accruing from the licensing of motor vehicles, operators and chauffeurs.
(c) Moneys and revenues derived from any tax levied upon gasoline, distillate, liberty fuel or other volatile and inflammable liquid fuels, except moneys and revenues described in ORS 184.642 (2)(a) that become part of the Department of Transportation Operating Fund.
(d) Moneys and revenues derived from or made available by the federal government for road construction, maintenance or betterment purposes.
(e) All moneys and revenues received from all other sources which by law are allocated or dedicated for highway purposes.
(2) The highway fund shall be deemed and held as a trust fund, separate and distinct from the General Fund, and may be used only for the purposes authorized by law and is continually appropriated for such purposes.
(3) All interest earnings on any of the funds designated in subsection (1) of this section shall be placed to the credit of the highway fund. [Amended by 1953 c.125 §5; 1989 c.966 §43; 2001 c.820 §5]Section: Previous 366.470 366.475 366.480 366.485 366.486 366.487 366.490 366.505 366.506 366.507 366.508 366.509 366.510 366.512 366.514 Next
Last modified: August 7, 2008