Oregon Statutes - Chapter 367 - Transportation Financing; Projects - Section 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 Oregon Department of Aviation, which shall administer the projects. The amount transferred shall include moneys to pay administrative costs incurred by the Oregon Department of Aviation in carrying out the provisions of ORS 367.080 to 367.086.

(2) Except as provided in subsection (1) of this section, the Department of Transportation shall administer all transportation projects that are selected under ORS 367.084. The department may use moneys from the Multimodal Transportation Fund to pay administrative costs incurred by the department in carrying out the provisions of ORS 367.080 to 367.086. [2005 c.816 §6]

Note: See first note under 367.080.

Note: Sections 7 and 8, chapter 816, Oregon Laws 2005, provide:

Sec. 7. The Port of Portland may not expend any moneys to finance transportation projects that consist of capital improvements on the property in Troutdale, Oregon, formerly known as the Reynolds Aluminum property, if the capital improvements are intended to allow use of the facility as an intermodal transportation facility primarily focused on rail transportation. This section does not prohibit financing construction of individual rail spurs or individual rail tracks to serve individual buildings on the property. [2005 c.816 §7]

Sec. 8. Section 7 of this 2005 Act is repealed on January 1, 2012. [2005 c.816 §8]

SHORT-TERM DEBT

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Last modified: August 7, 2008