(a) Revenues of any transportation project, including special assessment revenues;
(b) Moneys withheld under subsection (3) or (5) of this section;
(c) The general fund of the municipality; or
(d) Any other sources including, but not limited to, an appropriation or allocation to a county under ORS 366.762 to 366.768 or to a city under ORS 366.785 to 366.820.
(2) An infrastructure loan contract with a municipality may provide that a portion of the proceeds of the loan be applied to fund a reserve fund to secure the repayment of the loan or secure the repayment of revenue bonds issued to finance the loan.
(3) An infrastructure loan contract with a city or county may provide that all or a portion of the principal and interest on an infrastructure loan be repaid by withholding all or a portion of an apportionment due to a county under ORS 366.762 to 366.768 or due to a city under ORS 366.785 to 366.820. The department shall immediately transfer funds withheld under this subsection from the State Highway Fund to the Oregon Transportation Infrastructure Fund.
(4) A municipality that intends to obtain an infrastructure loan shall adopt an ordinance or resolution authorizing the infrastructure loan.
(5) If a municipality fails to comply with the terms of an infrastructure loan contract, the department may seek any legal or equitable remedy to obtain compliance or payment of damages. If any municipality fails to make an infrastructure loan payment when due, the State of Oregon shall, at the request of the department, withhold any funds due to the municipality from the state and apply the amounts withheld to pay the entire amount owed by the municipality under the infrastructure loan contract. The department shall deposit funds withheld under this subsection in the account of the infrastructure fund to which the municipality’s infrastructure loan payments are required to be deposited. The department may waive the right of the State of Oregon to withhold moneys under this subsection only if the department has not pledged the right as security for the repayment of infrastructure bonds. [1997 c.679 §7; 2003 c.201 §14]
Structure 2021 Oregon Revised Statutes
Volume : 10 - Highways, Military
Chapter 367 - Transportation Financing; Projects
Section 367.010 - Definitions for chapter.
Section 367.015 - Oregon Transportation Infrastructure Fund; sources; uses; rules; investment.
Section 367.025 - Issuance of infrastructure bonds.
Section 367.030 - Issuance of revenue bonds; bond covenants; maximum amount of bonds.
Section 367.035 - Loans to municipalities; authority of municipalities; repayment plan.
Section 367.040 - Loans to state agencies; loan contract.
Section 367.050 - Powers of department.
Section 367.055 - Federal stimulus moneys.
Section 367.066 - Definitions for ORS 367.066 and 367.067.
Section 367.067 - Short Line Credit Premium Account; rules.
Section 367.070 - Industrial Rail Spur Fund.
Section 367.080 - Connect Oregon Fund.
Section 367.081 - Distribution of amounts in Connect Oregon Fund.
Section 367.082 - Grants from Connect Oregon Fund; rules.
Section 367.084 - Selection of projects.
Section 367.086 - Administration of projects.
Section 367.091 - Multimodal Active Transportation Fund.
Section 367.093 - Grants from Multimodal Active Transportation Fund; rules.
Section 367.095 - Tax and fee distribution and projects.
Section 367.097 - Debt service.
Section 367.105 - Short-term borrowing; conditions; repayment.
Section 367.161 - Definitions for ORS 367.161 to 367.181.
Section 367.163 - Purposes for which bonds may be issued.
Section 367.166 - Requirements for grant anticipation revenue bonds; authority of State Treasurer.
Section 367.168 - Revenue declaration.
Section 367.173 - Moneys that may be used for payment of grant anticipation revenue bonds.
Section 367.178 - Collection and use of federal transportation funds.
Section 367.181 - Limits on obligation of grant anticipation revenue bonds.
Section 367.555 - Authority to issue general obligation bonds.
Section 367.605 - Source of funds to secure Highway User Tax Bonds.
Section 367.617 - Allocation of bonds.
Section 367.620 - Limitation on bond amount.
Section 367.621 - Use of private sector resources in specified work.
Section 367.623 - Consultation with local governments for project selection.
Section 367.630 - Highway revenue declaration; contents; purpose.
Section 367.640 - Indenture; provisions.
Section 367.645 - Reserve account.
Section 367.650 - Trust indenture to secure bonds; provisions.
Section 367.655 - Loan of bond proceeds to cities and counties; use of loans; rules.
Section 367.660 - Lien on certain moneys pledged for bonds; terms of lien.
Section 367.705 - Use of funds; priority.
Section 367.710 - Repayment by city or county; interest.
Section 367.802 - Definitions.
Section 367.808 - Evaluation of proposed agreements; role of Attorney General.
Section 367.810 - State Transportation Enterprise Fund.
Section 367.814 - Moneys from federal government or other sources.
Section 367.816 - Use of moneys in Oregon Transportation Infrastructure Fund for projects.
Section 367.818 - Eminent domain powers.
Section 367.820 - Creation of district; use of revenues within district.
Section 367.822 - Advisory committees on transportation projects; rules.