ORS 383.245
Bond form, issuance and maturity

provisions subject to determination of State Treasurer

Text
Annotations

(1)

A tollway project revenue bond issued under ORS 383.200 (Revenue bonds for tollway projects):

(a)

Must contain on its face a statement that the ad valorem taxing power of this state is not pledged to the payment of the principal or the interest on the bond.

(b)

Shall be issued as provided in ORS chapter 286A.

(c)

Must mature on or before a date determined by calculation of the expected economic life of the improvements, assets and projects financed with the proceeds of the bond.

(2)

The State Treasurer shall determine, after consultation with the Department of Transportation, all aspects relating to the sale of bonds under ORS 383.200 (Revenue bonds for tollway projects) that are not otherwise specifically provided in ORS 383.200 (Revenue bonds for tollway projects) to 383.245 (Bond form, issuance and maturity). [2021 c.630 §152]

Source: Section 383.245 — Bond form, issuance and maturity; provisions subject to determination of State Treasurer, 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

§ 383.245’s source at oregon.gov

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Location: https://oregon.public.law/statutes/ors_383.245

Original Source: Section 383.245 — Bond form, issuance and maturity; provisions subject to determination of State Treasurer, https://www.oregonlegislature.gov/bills_laws/ors/ors383.html (last accessed Aug. 25, 2023).