ORS 381.230
Using bond proceeds for bridge expenses

  • security
The construction, purchase, acquisition, operation or maintenance of any bridge or of its approaches authorized by ORS 381.205 (Construction, acquisition, maintenance and connection of interstate bridges by counties, cities, towns and ports) to 381.314 (Sale or transfer of Port of Hood River bridge or bridge project) may be financed in whole or in part through the issuance and sale of revenue bonds. As security for the payment of the bonds, the total or any part of the revenues from any such bridge may be hypothecated and pledged by the governing authorities purchasing, constructing, operating or maintaining the bridge without the necessity of the electors of the political subdivisions authorizing the same. However, no such hypothecation or pledge of revenues, or the issuance of the revenue bonds shall constitute in any manner, or to any extent be made to constitute, a general obligation of any county, city, town or port making the pledge.

Source: Section 381.230 — Using bond proceeds for bridge expenses; security, https://www.­oregonlegislature.­gov/bills_laws/ors/ors381.­html (accessed May 26, 2025).

381.005
Construction, acquisition and maintenance of Columbia River bridges 381.010
Agreements for carrying out powers 381.015
Requirements for request for proposals or invitation to bid 381.020
Using funds available for bridge expenses 381.080
ORS 381.005 to 381.020 as cumulative 381.096
Construction, acquisition and maintenance of Snake River bridges 381.098
Agreements for carrying out powers granted by ORS 381.096 381.100
Requirements for request for proposals or invitation to bid 381.205
Construction, acquisition, maintenance and connection of interstate bridges by counties, cities, towns and ports 381.210
Agreements for carrying out powers of counties, cities, towns and ports 381.215
Independent or cooperative action 381.220
Contents of agreement 381.225
Using funds available to public body for bridge expenses 381.227
Employment and compensation of attorneys 381.230
Using bond proceeds for bridge expenses 381.235
Formal requirements and conditions of bonds 381.237
Issuance of refunding revenue bonds 381.239
Revenue bonds and refunding revenue bonds are negotiable instruments 381.240
Incurring indebtedness for bridge expenses 381.245
Payment of bond principal and interest with bridge tolls 381.250
Acceptance of funds from United States and gifts 381.255
Selection of bridge sites 381.260
Plans and specifications for bridge construction 381.265
Provision in bridge plans for rail traffic 381.270
Bids for bridge construction 381.275
Contracts made in name of authority authorizing work 381.280
Bond required with certain contracts 381.285
Power to exercise eminent domain 381.290
Operation of bridge as free or toll bridge 381.295
Bridge, connecting road and approaches as state highway 381.300
Acquisition and operation of interstate ferry by bridge authority 381.302
Acquiring and operating interstate ferry by bridge authority as part of cost of acquiring interstate bridge 381.305
Authority conferred by ORS 381.205 to 381.300 is supplemental authority 381.310
Port of Hood River bridge projects 381.312
Tolls, administrative fees and civil penalties in connection with Port of Hood River bridges 381.314
Sale or transfer of Port of Hood River bridge or bridge project 381.405
“Construct,” “construction” and “county court” defined 381.410
Interstate bridges as permanent roads 381.415
Counties given state power to construct bridges 381.420
County financing construction of interstate bridges 381.440
Bond election 381.490
County bonding committee 381.495
Duties and powers of bonding committee 381.500
Terms and conditions of bonds 381.505
Registering bonds 381.510
Bond advertisement and sale 381.515
Custody and disbursement of bond proceeds 381.520
Tax to pay bond interest and principal 381.605
City construction, operation and financing of interstate bridges 381.611
Bond election 381.615
Majority vote required 381.635
Duties and powers of council 381.640
Terms and conditions of bonds 381.645
Registering bonds 381.650
Bond advertisement and sale 381.655
Custody and disbursement of bond proceeds 381.660
Use of tolls to pay bonded indebtedness and bridge maintenance 381.665
Tax for bridge expense not paid by tolls 381.670
Plans for bridge construction 381.700
Findings 381.702
Definitions 381.705
Creation and purposes 381.710
Governance 381.712
Powers 381.715
Organization and administration 381.720
Real property 381.725
Revenues 381.730
Bridge design and construction 381.735
Bridge operations 381.740
Financing 381.742
Taxation 381.745
Applicable law and jurisdiction 381.750
Implementation and dissolution 381.755
General provisions 381.824
Interstate bridges of other states or subdivisions made tax-exempt

Current through early 2026

§ 381.230. Using bond proceeds for bridge expenses's source at oregon​.gov