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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