The Department of Transportation shall determine the accounting period for which any expenditures shall be charged against the State Highway Fund. The department may charge such expenditures against the State Highway Fund at the time the expenditures are actually paid even though the expenditures were obligated during a prior accounting period. The department may keep its accounts on a calendar year basis. [1953 c.125 § 3; 1967 c.454 § 40]

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Terms Used In Oregon Statutes 366.517

  • Department: means the Department of Transportation. See Oregon Statutes 366.005
  • Highway: means every public way, road, street, thoroughfare and place, including bridges, viaducts and other structures within the boundaries of this state, open, used or intended for use of the general public for vehicles or vehicular traffic as a matter of right. See Oregon Statutes 366.005
  • Highway fund: means the State Highway Fund. See Oregon Statutes 366.005