Oregon Statutes 366.518 – Expenditures from highway fund to be reported, budgeted and limited to amounts budgeted
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The Department of Transportation shall submit a biennial statement and budget estimate as required by law, and shall limit its expenditures from the State Highway Fund during each biennial period to the total amount of the budget approved according to law; provided, that the word ‘expenditures’ shall mean all money actually paid out or due and payable, but shall not mean liabilities or obligations incurred but not due and payable until a subsequent biennial period. The provisions of any law establishing a Legislative Assembly emergency committee shall apply to expenditures from the State Highway Fund. [1953 c.125 § 4]
Terms Used In Oregon Statutes 366.518
- 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
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.