ORS 383.215
Collection and use of federal transportation funds

Text
Annotations

(1)

If allowed by federal law, the Department of Transportation may use federal transportation funds for the following purposes:

(a)

For deposit into one or more special funds or accounts that may be pledged to secure payment of the tollway project revenue bonds issued under ORS 383.200 (Revenue bonds for tollway projects).

(b)

For payment of the costs of tollway projects.

(c)

For reimbursement to the department of moneys previously spent on tollway projects.

(2)

The department may request the United States government to deposit federal transportation funds directly with a trustee for the holders of tollway project revenue bonds to secure payment of the bonds. [2021 c.630 §149]

Source: Section 383.215 — Collection and use of federal transportation funds, https://www.oregonlegislature.gov/bills_laws/ors/ors383.html.

383.001
Findings 383.003
Definitions for ORS 383.001 to 383.245 383.004
Establishment of tolls 383.005
Agreements for tollway projects 383.009
Toll Program Fund 383.011
Contract terms regarding entry into possession by Department of Transportation 383.014
Interstate system compatibility 383.015
Initiation of project 383.017
Property tax exemption 383.019
Agreements between department and private entities regarding maintenance of tollways 383.025
Certain information provided to Department of Transportation exempt from disclosure 383.027
Issuance of revenue bonds by municipality for tollway project 383.035
Toll payment 383.045
Evidence from electronic toll collection system 383.055
Assessment and collection of unpaid tolls 383.075
Driver records and information used to collect and enforce tolls 383.150
Toll program 383.200
Revenue bonds for tollway projects 383.205
Sources of funds to secure revenue bonds for tollway projects 383.215
Collection and use of federal transportation funds 383.225
Revenue declaration or indenture 383.235
Reserve account 383.245
Bond form, issuance and maturity

Up to date

Current through early 2024

§ 383.215’s source at oregon.gov

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Location: https://oregon.public.law/statutes/ors_383.215

Original Source: Section 383.215 — Collection and use of federal transportation funds, https://www.oregonlegislature.gov/bills_laws/ors/ors383.html (last accessed Aug. 25, 2023).