Transportation Financing

ORS 367.745
Setting aside sufficient moneys to pay maturing bonds


The Department of Transportation shall compute and determine in January of each year, after the sale of bonds 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), 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 State Highway Fund sufficient moneys to pay such maturing obligations. [1975 c.211 §10; 2003 c.201 §34]
§§ 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