Transportation Financing

ORS 367.595
Setting aside sufficient moneys to pay maturing obligations

The Department of Transportation shall compute and determine in January of each year, after the sale of bonds under ORS 367.555 (Authority to issue general obligation bonds) to 367.600 (Compliance with constitutional debt limits), the amount of principal and interest that will fall due during such year on general obligation bonds then outstanding and unpaid and shall maintain or hold in the State Highway Fund sufficient moneys to pay such maturing obligations. [1973 c.698 §10; 2003 c.201 §22]


Last accessed
Jun. 26, 2021