Transportation Financing

ORS 367.161
Definitions for ORS 367.161 to 367.181


As used in ORS 367.161 (Definitions for ORS 367.161 to 367.181) to 367.181 (Limits on obligation of grant anticipation revenue bonds):

(1)

“Federal transportation funds” means funds apportioned or allocated, or anticipated to be apportioned or allocated in the current or a future federal fiscal year, to the state by the United States Department of Transportation for use on a federal-aid highway or highway safety construction project or other federal funds that may be used for a highway improvement project that are available or are anticipated to be available in the current or a future federal fiscal year.

(2)

“Grant anticipation revenue bond” means a revenue bond secured based on receipt, or anticipation of receipt in the current or a future federal fiscal year, of federal transportation funds.

(3)

“Highway improvement project” means a federal-aid highway or highway safety construction project, a transportation project or another project for which the Department of Transportation may use federal transportation funds. [2003 c.201 §2]

Source

Last accessed
Jun. 26, 2021