Oregon § 381.245 Payment of bond principal and interest with bridge tolls

Oregon Statutes

§ 381.245 — Payment of bond principal and interest with bridge tolls

Oregon § 381.245

Vol.10

Title 31Highways, Roads, Bridges and Ferries

Ch. 381Interstate Bridges

This text of Oregon § 381.245 (Payment of bond principal and interest with bridge tolls) 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. § 381.245 (2026).

Text

If any bridge constructed, purchased or otherwise acquired under ORS 381.205 to 381.314 is operated as a toll bridge, and the revenues or any part thereof derived as a result of the tolls and charges collected have been pledged and revenue bonds issued, in fixing and determining the amount of tolls to be charged consideration shall be given, among other things, to the amount necessary to be received to pay the interest upon the revenue bonds and to provide for the retirement of the principal of the bonds. Provisions shall be made for the application of the revenue so received to the payment of the interest and principal of the revenue bonds as their respective payments become due.

Free access — add to your briefcase to read the full text and ask questions with AI

If any bridge constructed, purchased or otherwise acquired under ORS 381.205 to 381.314 is operated as a toll bridge, and the revenues or any part thereof derived as a result of the tolls and charges collected have been pledged and revenue bonds issued, in fixing and determining the amount of tolls to be charged consideration shall be given, among other things, to the amount necessary to be received to pay the interest upon the revenue bonds and to provide for the retirement of the principal of the bonds. Provisions shall be made for the application of the revenue so received to the payment of the interest and principal of the revenue bonds as their respective payments become due.