The principal, interest, premium, if any, and the purchase or tender price of the grant anticipation revenue bonds issued under ORS 367.161 to 367.181 are payable solely from the following moneys:
(1) Federal transportation funds.
(2) To the extent affirmatively pledged at the time issuance of revenue bonds is authorized, the following moneys that are lawfully available:
(a) Moneys deposited in the State Highway Fund established under ORS 366.505.
(b) Except as provided in paragraph (c) of this subsection, moneys, once deposited in the State Highway Fund established under ORS 366.505, from the following sources may be affirmatively pledged:
(A) Moneys from the taxes and fees on motor carriers imposed under ORS 825.474 and 825.480.
(B) Moneys from the tax on motor vehicle fuel imposed under ORS 319.020.
(C) Moneys from the tax on fuel used in motor vehicles imposed under ORS 319.530.
(D) Moneys described under ORS 803.090 from the titling of vehicles.
(E) Moneys described under ORS 803.420 from the registration of vehicles.
(F) Moneys described under ORS 807.370 relating to the issuance of driver licenses and driver permits.
(G) Moneys received by the Department of Transportation from taxes, fees or charges imposed after January 1, 2001, or other revenues or moneys received by the department from sources not listed in subparagraphs (A) to (F) of this paragraph that are lawfully available to be pledged under this section.
(c) Moneys described in paragraph (b) of this subsection do not include:
(A) Moneys provided for appropriations to counties under ORS 366.762 to 366.768.
(B) Moneys provided for appropriations to cities under ORS 366.785 to 366.820.
(C) Moneys in the account established under ORS 366.512 for parks and recreation. [2003 c.201 §7]Section: Previous 367.161 367.163 367.165 367.166 367.168 367.170 367.171 367.173 367.175 367.176 367.178 367.180 367.181 367.185 367.202 Next
Last modified: August 7, 2008