Oregon Statutes 366.742 – Repayment of specified bonds; allocation of moneys not needed for repayment
Current as of: 2023 | Check for updates
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Each biennium, any portion of the $71.2 million referred to in ORS § 366.739 that remains after deducting an amount equal to total debt service payments payable on outstanding Highway User Tax Bonds described in ORS § 367.620 (2) shall be allocated 50 percent to the Department of Transportation, 30 percent to counties and 20 percent to cities. Moneys allocated to counties and cities under this section shall be distributed in the same manner as moneys allocated under ORS § 366.739 are distributed. [Formerly 366.543]
Terms Used In Oregon Statutes 366.742
- 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
366.742 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.