(2) The following moneys shall be deposited into the State Transportation Enterprise Fund:
(a) Proceeds from bonds or other financing instruments issued under the provisions of ORS 367.800 to 367.824;
(b) Revenues received from any transportation project developed under the program established under ORS 367.804; and
(c) Any other moneys that are by donation, grant, contract, law or other means transferred, allocated or appropriated to the fund.
(3) Moneys in the State Transportation Enterprise Fund are continuously appropriated to the Department of Transportation for the purpose of carrying out the provisions of ORS 367.800 to 367.824 and implementing all or portions of any transportation project developed under the program established under ORS 367.804.
(4) Moneys in the State Transportation Enterprise Fund that are transferred from the State Highway Fund or from any one of the sources that comprise the State Highway Fund as specified in ORS 366.505 and that are revenue under section 3a, Article IX of the Oregon Constitution, may be used only for purposes authorized by section 3a, Article IX of the Oregon Constitution.
(5) The department shall establish a separate account in the State Transportation Enterprise Fund for each transportation project that is undertaken under the program established under ORS 367.804. Except as provided in subsection (4) of this section, the department may pledge moneys in the State Transportation Enterprise Fund to secure revenue bonds or any other debt obligations relating to the transportation project for which the account is established.
(6) Moneys in an account established under subsection (5) of this section shall be used as provided in any agreement applicable to the transportation project for which the account is established. [2003 c.790 ยง6]
Note: See note under 367.800.
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.