ORS 391.125
Regional Light Rail Extension Bond Account

  • purpose

(1)

The Regional Light Rail Extension Bond Account is created as a separate and distinct subaccount in the Regional Light Rail Extension Construction Fund. In each fiscal year in which any amounts of principal or interest are due and payable on any revenue bonds issued under ORS 391.140 (Revenue bonds for specified light rail project), the Director of Transportation shall cause to be transferred from the Regional Light Rail Extension Construction Fund to the Regional Light Rail Extension Bond Account an amount, which, when added to the moneys on deposit in the account that are available to be used for such purpose, shall be sufficient to pay when due all amounts of principal and interest coming due on such bonds in that fiscal year.

(2)

All moneys on deposit from time to time in the Regional Light Rail Extension Bond Account, together with all investment earnings thereon, shall be pledged and are continuously appropriated to the payment of the bonds issued under ORS 391.140 (Revenue bonds for specified light rail project). All investment earnings on moneys on deposit from time to time in the Regional Light Rail Extension Bond Account shall be retained in that account and applied to pay the principal of and interest on bonds issued under ORS 391.140 (Revenue bonds for specified light rail project). [1991 c.575 §3]

Source: Section 391.125 — Regional Light Rail Extension Bond Account; purpose, https://www.­oregonlegislature.­gov/bills_laws/ors/ors391.­html.

391.090
Legislative findings 391.110
Legislative findings 391.120
Regional Light Rail Extension Construction Fund 391.125
Regional Light Rail Extension Bond Account 391.130
Allocation of lottery moneys to Regional Light Rail Extension Construction Fund 391.140
Revenue bonds for specified light rail project 391.150
Joint management of specified light rail project 391.301
Ratification of compact 391.306
Columbia River Light Rail Transit Compact 391.311
Effect of compact on powers and privileges of mass transit districts in Oregon and Washington 391.500
Declaration of policy 391.510
Definitions for ORS 391.500 to 391.660 391.520
Financing authority created 391.530
Meetings 391.540
Bylaws 391.550
Powers of Mass Transportation Financing Authority 391.560
Lease terms for facility financed by bonds 391.570
Bonds 391.580
Pledges for bonds 391.590
Bonds not general obligation of state 391.600
Tax exempt status of income, property and bond interest 391.605
Limitations on transfer to metropolitan service district 391.610
Expenses of authority 391.620
Limitation on transfer of property rights 391.630
Investments of surplus moneys 391.640
Investment in authority’s bonds authorized 391.650
Severability of ORS 391.500 to 391.660 391.660
Short title 391.800
Elderly and Disabled Special Transportation Fund 391.802
Definition for ORS 391.800 to 391.830 391.810
Distribution of funds to districts, Indian tribes and counties 391.815
Discretionary grant account 391.820
Advisory committees 391.830
Use of funds to finance and improve transportation for elderly individuals and individuals with disabilities
Green check means up to date. Up to date

Current through early 2024

§ 391.125’s source at oregon​.gov