ORS 391.605
Limitations on transfer to metropolitan service district

(1)

No transfer authorized by ORS 267.020 (Transfer of transit system to metropolitan service district) of a mass transit district system to a metropolitan service district shall take effect while bonds issued by the Oregon Mass Transportation Financing Authority to finance mass transit facilities for the district are outstanding until a plan designed to repay any outstanding bonds when due is prepared by the governing body of the metropolitan service district and approved by:

(a)

The chairperson of the Oregon Transportation Commission or the chairperson’s designee;

(b)

The State Treasurer or State Treasurer’s designee; and

(c)

The chairperson of the Oregon Investment Council or the chairperson’s designee.

(2)

Persons given authority to approve a transfer under subsection (1) of this section may only refuse to approve a transfer for reasons relating to the financial effect of the transfer. [1983 c.306 §3]

Source: Section 391.605 — Limitations on transfer to metropolitan service district, 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

§ 391.605’s source at oregon​.gov