Oregon Statutes - Chapter 367 - Transportation Financing; Projects - Section 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 projects including highway improvement projects already under way or scheduled;

(2) Financing the restoration, reconstruction or renovation of highway improvements in Oregon;

(3) Financing transportation projects;

(4) Paying the costs of issuance of the revenue bonds including, but not limited to, the costs and fees of paying agents, trustees and remarketing agents; or

(5) Paying the costs of credit enhancements. [2003 c.201 §3]

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Last modified: August 7, 2008