Oregon Statutes 367.010 – Definitions for chapter
As used in this chapter:
Terms Used In Oregon Statutes 367.010
- Agency: means any department, agency or commission of the State of Oregon. See Oregon Statutes 367.010
- Bond: means a contractual undertaking or an instrument to borrow money including, but not limited to, a bond, a note, an obligation, a loan agreement, a financing lease, a financing agreement or other similar instrument or agreement. See Oregon Statutes 367.010
- Bond debt service: means payment of:
(a) Principal, interest, premium, if any, or purchase price of a bond;
(b) Amounts due to a credit enhancement provider, trustee, paying agent, commercial paper dealer or remarketing agent authorized by this chapter;
(c) Amounts necessary to fund bond debt service reserves; and
(d) Amounts due under an agreement for exchange of interest rates if designated by the State Treasurer or the Department of Transportation. See Oregon Statutes 367.010
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- Credit enhancement: means a credit enhancement device, as defined in ORS § 286A. See Oregon Statutes 367.010
- Financial institution: means a banking institution, a financial institution or a non-Oregon institution, as those terms are defined in ORS § 706. See Oregon Statutes 367.010
- Infrastructure fund: means the Oregon Transportation Infrastructure Fund. See Oregon Statutes 367.010
- Infrastructure loan: means a loan of moneys in the infrastructure fund to finance a transportation project. See Oregon Statutes 367.010
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Transportation project: means any project or undertaking that facilitates any mode of transportation within this state. See Oregon Statutes 367.010
- Trustee: A person or institution holding and administering property in trust.
(1) ‘Agency’ means any department, agency or commission of the State of Oregon.
(2) ‘Bond’ means a contractual undertaking or an instrument to borrow money including, but not limited to, a bond, a note, an obligation, a loan agreement, a financing lease, a financing agreement or other similar instrument or agreement.
(3) ‘Bond debt service’ means payment of:
(a) Principal, interest, premium, if any, or purchase price of a bond;
(b) Amounts due to a credit enhancement provider, trustee, paying agent, commercial paper dealer or remarketing agent authorized by this chapter;
(c) Amounts necessary to fund bond debt service reserves; and
(d) Amounts due under an agreement for exchange of interest rates if designated by the State Treasurer or the Department of Transportation.
(4) ‘Credit enhancement’ means a credit enhancement device, as defined in ORS § 286A.001.
(5) ‘Financial institution’ means a banking institution, a financial institution or a non-Oregon institution, as those terms are defined in ORS § 706.008, and any other institution defined by rule of the Oregon Transportation Commission as a financial institution for purposes of ORS § 367.010 to 367.067.
(6) ‘Infrastructure assistance’ means any use of moneys in the Oregon Transportation Infrastructure Fund, other than an infrastructure loan, to provide financial assistance for transportation projects. The term includes, but is not limited to, use of moneys in the infrastructure fund to finance leases, fund reserves, make grants, pay issuance costs or provide credit enhancement or other security for bonds issued by a public entity to finance transportation projects.
(7) ‘Infrastructure bonds’ means bonds authorized by ORS § 367.030, 367.555 to 367.600 or 367.605 to 367.665 that are issued to fund infrastructure loans and the proceeds of which are deposited in the infrastructure fund.
(8) ‘Infrastructure fund’ means the Oregon Transportation Infrastructure Fund.
(9) ‘Infrastructure loan’ means a loan of moneys in the infrastructure fund to finance a transportation project.
(10) ‘Municipality’ means a city, county, road district, school district, special district, metropolitan service district, the Port of Portland or an intergovernmental entity organized under ORS § 190.010.
(11) ‘Transportation project’ means any project or undertaking that facilitates any mode of transportation within this state. The term includes, but is not limited to, a project for highway, transit, rail and aviation capital infrastructure, bicycle and pedestrian paths, bridges and ways, and other projects that facilitate the transportation of materials, animals or people. [1997 c.679 § 1; 1999 c.1036 § 3; 2003 c.201 § 11; 2007 c.783 § 161; 2021 c.630 § 154]