17 chapters · 940 sections in this title.
ORS 367.655 Loan of bond proceeds to cities and counties; use of loans; rules
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(1) Notwithstanding any other provision of law or any provision of charter or local ordinance to the contrary: (a) The Department of Transportation may loan a portion of proceeds from bonds issued under ORS 367.615 to cities and counties; and (b) Cities and counties may borrow mo…
ORS 367.660 Lien on certain moneys pledged for bonds; terms of lien
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If moneys under ORS 367.605 are pledged for purposes of bonds by indenture under ORS 367.640, a lien is established upon the moneys. A lien established by this section is subject to all of the following: (1) The lien is a first lien and security interest and prior charge upon the…
ORS 367.665 Interest on bonds exempt from state income tax
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The interest upon all bonds issued under ORS 367.615 and upon all refunding and advance refunding bonds issued under ORS chapter 286A is exempt from personal income taxation imposed by this state under ORS chapter 316. [1985 c.551 §12; 2007 c.783 §172a]
ORS 367.700 Authority to sell limited amount of bonds under ORS 367.700 to 367.750
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In addition to the authority now vested by any other provision of law state highway bonds of the State of Oregon used to provide funds for purposes of ORS 367.700 to 367.750 in the aggregate principal sum may not exceed $50 million. [1975 c.211 §1; 1981 c.660 §34]
ORS 367.705 Use of funds; priority
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(1) The Department of Transportation shall make loans to cities and counties from funds available under ORS 367.700 to 367.750 for the purposes stated in section 3a, Article IX of the Oregon Constitution. (2) If funds available under ORS 367.700 to 367.750 are not sufficient to f…
ORS 367.710 Repayment by city or county; interest
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(1) The Department of Transportation shall cause cities and counties that receive funds under ORS 367.705 to repay bond debt service by withholding from payments due to the city under ORS 366.785 to 366.820 or to the county under ORS 366.762 to 366.768. Funds withheld under this …
ORS 367.715 Procedure for issuing bonds under ORS 367.700 to 367.750
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All bonds issued under ORS 367.700 to 367.750 must be issued in accordance with ORS chapter 286A. [1975 c.211 §4; 1981 c.660 §35; 2003 c.201 §33; 2007 c.783 §173]
ORS 367.745 Setting aside sufficient moneys to pay maturing bonds
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The Department of Transportation shall compute and determine in January of each year, after the sale of bonds under ORS 367.700 to 367.750, the amount of bond debt service that will fall due during such year on bonds then outstanding and unpaid and shall maintain or hold in the S…
ORS 367.750 Constitutional debt limits not to be exceeded
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The Department of Transportation may not issue or sell general obligation bonds under ORS 367.700 to 367.750 that, singly or in the aggregate with previous debts or liabilities incurred for the building and maintaining of permanent roads, exceed any limitation provided in the Ore…
ORS 367.800 Findings
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The Legislative Assembly finds that: (1) Entrepreneurial approaches to the acquisition, design, management and financing of transportation projects will accelerate cost-effective project delivery. (2) Entrepreneurial approaches can bring substantial benefits to the public in tran…
ORS 367.802 Definitions
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As used in ORS 367.800 to 367.824: (1) Agreement means a written agreement, including but not limited to a contract, for a transportation project that is entered into under ORS 367.806. (2) Private entity means any entity that is not a unit of government, including but not li…
ORS 367.804 Goals of Oregon Innovative Partnerships Program; authority of Department of Transportation; confidentiality; expenses
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(1) The Department of Transportation shall establish the Oregon Innovative Partnerships Program for the planning, acquisition, financing, development, design, construction, reconstruction, replacement, improvement, maintenance, management, repair, leasing and operation of transpo…
ORS 367.806 Agreements
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(1) As part of the Oregon Innovative Partnerships Program established under ORS 367.804, the Department of Transportation may: (a) Enter into any agreement or any configuration of agreements relating to transportation projects with any private entity or unit of government or any …
ORS 367.808 Evaluation of proposed agreements; role of Attorney General
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(1) At the request of the Department of Transportation, the Attorney General may appoint special assistant attorneys general for the purpose of evaluating partnership agreements entered into or to be entered into as part of the program established under ORS 367.804. The special a…
ORS 367.810 State Transportation Enterprise Fund
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(1) The State Transportation Enterprise Fund is established separate and distinct from the General Fund. Interest earned by the State Transportation Enterprise Fund shall be credited to the fund. (2) The following moneys shall be deposited into the State Transportation Enterprise…
ORS 367.812 Bonds secured by State Transportation Enterprise Fund; financing of transportation projects
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(1) In addition to any authority to issue and sell bonds and other similar obligations, this section establishes continuing authority for the State Treasurer to issue and sell bonds and other similar obligations, at the request of the Department of Transportation, in a manner con…
ORS 367.814 Moneys from federal government or other sources
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(1) The Department of Transportation or a unit of government may accept from the United States or any of its agencies such funds as are available to this state or to the unit of government for carrying out the purposes of ORS 367.800 to 367.824, whether the funds are made availab…
ORS 367.816 Use of moneys in Oregon Transportation Infrastructure Fund for projects
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(1) Notwithstanding ORS 367.020, the Department of Transportation may use moneys in the Oregon Transportation Infrastructure Fund established by ORS 367.015 to ensure the repayment of loan guarantees or extensions of credit made to or on behalf of private entities engaged in the …
ORS 367.818 Eminent domain powers
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The Department of Transportation may exercise the power of eminent domain to acquire property, rights of way or other rights in property for transportation projects that are part of the program established under ORS 367.804, regardless of whether the property will be owned in fee…
ORS 367.820 Creation of district; use of revenues within district
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An agreement among the Department of Transportation and other units of government may create a new district, or designate a previously existing district, that includes any or all of the territory within the geographic boundaries of any or all Oregon counties in which a transporta…
ORS 367.822 Advisory committees on transportation projects; rules
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(1) The Department of Transportation and any unit of government that participates in a transportation project may establish advisory committees to advise the department or the unit of government with respect to transportation projects. An advisory committee shall consist of not f…
ORS 367.824 Rules; supremacy of federal law
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(1) The Department of Transportation may adopt any rules it considers necessary to implement the provisions of ORS 367.800 to 367.824. (2) Notwithstanding any provision of ORS 367.800 to 367.824, applicable federal laws, rules and regulations govern in any situation that involves…
ORS 367.850 Alternatives to meeting funding requirements of transportation planning rule; rules
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(1) Subject to the limitations in subsection (2) of this section, if a local government is unable to meet the funding requirements of the transportation planning rule adopted by the Land Conservation and Development Commission, the local government may: (a) Apply for an extension…