Oregon Statutes 383.215 – Collection and use of federal transportation funds
Current as of: 2023 | Check for updates
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(1) If allowed by federal law, the Department of Transportation may use federal transportation funds for the following purposes:
Terms Used In Oregon Statutes 383.215
- Trustee: A person or institution holding and administering property in trust.
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(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.
(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]
[Amended by 1971 c.741 § 29; repealed by 1981 c.153 § 79]