Oregon Statutes 366.165 – Revolving fund
(1) The revolving fund in the amount of $400,000 established by warrant drawn on any fund belonging to the state highway funds in favor of the Director of Transportation is continued.
Terms Used In Oregon Statutes 366.165
- Department: means the Department of Transportation. See Oregon Statutes 366.005
- Director: means the Director 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) The revolving fund shall be deposited with the State Treasurer. The fund shall be at the disposal of the director. The director may designate persons authorized to pay claims from the fund and shall specify the maximum amount of money each designee may draw from the fund. The fund may be used:
(a) To pay salaries, travel expenses, compensation or payments for real property purchased or otherwise acquired, and emergency claims; or
(b) To secure or take advantage of trade discounts and to pay for services, materials and capital outlay.
(3) All vouchers for claims paid from the fund shall be approved by the director and audited by the fiscal officer of the Department of Transportation. When claims are so approved and audited, warrants covering them shall be drawn in favor of the director and shall be used by the director to reimburse the fund. [Amended by 1957 c.9 § 1; 1967 c.454 § 35; 1969 c.87 § 1; 1971 c.598 § 6; 1973 c.249 § 34; 1979 c.186 § 12; 1987 c.265 § 1; 1993 c.741 § 37]
[Amended by 1973 c.249 § 35; repealed by 1993 c.741 § 147]
[Amended by 1959 c.611 § 1; renumbered 390.120]
[Amended by 1959 c.611 § 2; renumbered 390.130]
[1959 c.611 5,6; renumbered 390.140]
[1959 c.611 § 7; renumbered 390.150]
[1957 c.635 § 2; 1971 c.481 § 11a; 1971 c.598 § 7; 1973 c.249 § 36; repealed by 1979 c.186 § 30]
POWERS AND DUTIES OF OREGON TRANSPORTATION COMMISSION