Oregon § 367.173 Moneys that may be used for payment of grant anticipation revenue bonds

Oregon Statutes

§ 367.173 — Moneys that may be used for payment of grant anticipation revenue bonds

Oregon § 367.173

Vol.10

Title 31Highways, Roads, Bridges and Ferries

Ch. 367Transportation Financing; Projects

This text of Oregon § 367.173 (Moneys that may be used for payment of grant anticipation revenue bonds) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 367.173 (2026).

Text

The principal, interest, premium, if any, and the purchase or tender price of the grant anticipation revenue bonds issued under ORS 367.161 to 367.181 are payable solely from the following moneys:

(1)Federal transportation funds.

(2)To the extent affirmatively pledged at the time issuance of revenue bonds is authorized, the following moneys that are lawfully available:

(a)Moneys deposited in the State Highway Fund established under ORS 366.505.

(b)Except as provided in paragraph (c) of this subsection, moneys, once deposited in the State Highway Fund established under ORS 366.505, from the following sources may be affirmatively pledged:

(A)Moneys from the taxes and fees on motor carriers imposed under ORS 825.474 and 825.480.

(B)Moneys from the tax on motor vehicle fuel imposed under

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The principal, interest, premium, if any, and the purchase or tender price of the grant anticipation revenue bonds issued under ORS 367.161 to 367.181 are payable solely from the following moneys:
(1) Federal transportation funds.
(2) To the extent affirmatively pledged at the time issuance of revenue bonds is authorized, the following moneys that are lawfully available:
(a) Moneys deposited in the State Highway Fund established under ORS 366.505.
(b) Except as provided in paragraph (c) of this subsection, moneys, once deposited in the State Highway Fund established under ORS 366.505, from the following sources may be affirmatively pledged:
(A) Moneys from the taxes and fees on motor carriers imposed under ORS 825.474 and 825.480.
(B) Moneys from the tax on motor vehicle fuel imposed under ORS 319.020.
(C) Moneys from the tax on fuel used in motor vehicles imposed under ORS 319.530.
(D) Moneys from the special use fuel license fee under ORS 319.535.
(E) Moneys described under ORS 803.090 from the titling of vehicles.
(F) Moneys described under ORS 803.420 from the registration of vehicles.
(G) Moneys described under ORS 807.370 relating to the issuance of driver licenses and driver permits.
(H) Moneys received by the Department of Transportation from taxes, fees or charges imposed after January 1, 2001, or other revenues or moneys received by the department from sources not listed in subparagraphs (A) to (G) of this paragraph that are lawfully available to be pledged under this section.
(c) Moneys described in paragraph (b) of this subsection do not include:
(A) Moneys provided for appropriations to counties under ORS 366.762 to 366.768.
(B) Moneys provided for appropriations to cities under ORS 366.785 to 366.820.
(C) Moneys in the account established under ORS 366.512 for parks and recreation.