(a) "Highway" has the meaning given that term in ORS 801.305.
(b) "Modernization" means improvements that add capacity to highways, including but not limited to new or widened lanes and new bypasses.
(c) "Preservation" means paving, striping, reconstruction and other activities designed to add useful life to existing highways.
(2) Bonds described in ORS 367.620 (2) shall be used to finance preservation and modernization projects chosen by the Oregon Transportation Commission. The commission shall select projects from among the following:
(a) Highways that need increased lane capacity.
(b) Highways and bridges that have weight limitations.
(c) State and local bridges.
(d) Interchanges on multilane highways.
(e) District highways in cities and counties that require preservation. The Department of Transportation shall adopt rules defining "district highway" for purposes of this paragraph.
(3) In choosing projects under subsection (2) of this section, the commission shall use the following criteria, in addition to any criteria developed under ORS 367.623:
(a) Lane capacity projects shall be chosen from a financially constrained list.
(b) Bridge projects shall be chosen on the basis of a bridge inventory or rating system recognized by the commission.
(c) Priority for interchange projects shall be given to projects on multilane highways where safety can be enhanced by constructing a grade-separated interchange to replace an at-grade crossing.
(d) Priority for district highway preservation projects shall be given to those projects that may facilitate transfer of jurisdiction over the highway from the state to a local government.
(e) Projects selected for financing under this section shall be equitably distributed throughout the state, using the criteria for distribution of projects that are used for the Statewide Transportation Improvement Program. [2001 c.669 §2; 2005 c.612 §8]
Note: 367.622 and 367.623 were added to and made a part of ORS chapter 367 by legislative action but were not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
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.