Transportation Financing

ORS 367.705
Use of funds

  • priority


(1)

The Department of Transportation shall make loans to cities and counties from funds available under ORS 367.700 (Authority to sell limited amount of bonds under ORS 367.700 to 367.750) to 367.750 (Constitutional debt limits not to be exceeded) for the purposes stated in section 3a, Article IX of the Oregon Constitution.

(2)

If funds available under ORS 367.700 (Authority to sell limited amount of bonds under ORS 367.700 to 367.750) to 367.750 (Constitutional debt limits not to be exceeded) are not sufficient to fund all projects for which funds are applied by cities and counties, the department shall give priority to projects in cities and counties having the highest rates of unemployment in this state. [1975 c.211 §2; 2003 c.201 §31]
§§ 367.700 to 367.750

Atty. Gen. Opinions

Proper withholding of highway funds payments, (1976) Vol 37, p 1209


Source

Last accessed
Jun. 26, 2021