Oregon Statutes 366.523 – Transportation Project Account
(1) The Transportation Project Account is created in the State Highway Fund. Moneys in the account are continuously appropriated to the Department of Transportation for the purpose of making allocations described in ORS § 367.617 and for the purpose of paying bond debt service on Highway User Tax Bonds issued under ORS § 367.615. Interest on the account is credited to the State Highway Fund.
Terms Used In Oregon Statutes 366.523
- Commission: means the Oregon Transportation Commission. See Oregon Statutes 366.005
- 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
- State highway: means any road or highway designated as such by law or by the Oregon Transportation Commission pursuant to law and includes both primary and secondary state highways. See Oregon Statutes 366.005
(2) Amounts allocated by the Oregon Transportation Commission pursuant to ORS § 367.617 for the purposes described in section 64, chapter 865, Oregon Laws 2009, shall be expended from the account.
(3) If at any time the department determines that there are not sufficient funds in the State Highway Fund to pay bond debt service on Highway User Tax Bonds issued under ORS § 367.615, moneys in the Transportation Project Account shall be transferred to the State Highway Fund and shall be used by the department to pay bond debt service on Highway User Tax Bonds issued under ORS § 367.615.
(4) For the purposes of this section:
(a) ‘Bond’ has the meaning given that term in ORS § 367.010.
(b) ‘Bond debt service’ has the meaning given that term in ORS § 367.010. [2009 c.865 § 63]
366.523 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 366 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
[1985 c.209 § 7; 1987 c.899 18,19,20; 1989 c.865 5,5a; 1993 c.637 § 17; 1993 c.770 § 7; 1995 c.440 § 3; 2001 c.669 § 5; 2003 c.618 § 16; renumbered 366.739 in 2003]
[Amended by 1967 c.463 § 3; 1971 c.376 § 4; 1979 c.344 § 8; 1981 s.s. c.3 § 108; 1983 c.164 § 3; 1983 c.338 § 920; 1985 c.209 § 3; renumbered 366.762 in 2003]
[Amended by 1955 c.43 § 1; 1955 c.287 § 23; 1967 c.454 § 41; 1977 c.743 § 1; 1983 c.338 § 921; 1987 c.440 § 7; 1991 c.407 § 34; 1993 c.741 § 41; 1997 c.249 § 117; renumbered 366.764 in 2003]
[Amended by 1967 c.463 § 4; 1975 c.527 § 2; 1979 c.344 § 9; 1985 c.209 § 4; renumbered 366.766 in 2003]
[Amended by 1967 c.454 § 42; 1983 c.363 § 3; 2003 c.618 § 45; renumbered 366.768 in 2003]
[1995 c.790 § 1; 2003 c.618 § 19,20; renumbered 366.772 in 2003]
[1987 c.899 § 3; 1999 c.797 § 1; 2003 c.201 § 38; renumbered 366.774 in 2003]
[2001 c.669 § 6; 2002 s.s.1 c.3 § 4; renumbered 366.742 in 2003]
[1965 c.634 § 3; renumbered 390.170]
HISTORIC COLUMBIA RIVER HIGHWAY