Oregon Statutes 367.050 – Powers of department
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The Department of Transportation may:
Terms Used In Oregon Statutes 367.050
- Infrastructure bonds: means bonds authorized by ORS § 367. 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
(1) Make all contracts and agreements, execute and deliver all instruments and do all things necessary or convenient to provide financial assistance for transportation projects in accordance with ORS § 367.010 to 367.067 or to perform covenants made to secure infrastructure bonds; and
(2) Enter into and perform such contracts and agreements with entities concerning the planning, construction, lease or other acquisition, installation or financing of transportation projects. [1997 c.679 § 9; 2003 c.201 § 16]