2021 Oregon Revised Statutes
Chapter 367 - Transportation Financing; Projects
Section 367.850 - Alternatives to meeting funding requirements of transportation planning rule; rules.


(a) Apply for an extension of time to meet the requirements;
(b) Submit a plan to the Oregon Transportation Commission and the Department of Transportation proposing alternative methods of funding that will meet the standards adopted by the Oregon Transportation Commission; or
(c) Apply to the Department of Transportation:
(A) To adjust various traffic performance measures during an interim period prior to completion of construction of the development in question for a period of no more than 20 years; or
(B) To allow various types of traffic performance measures other than a volume to capacity ratio.
(2) The Oregon Transportation Commission may not approve more than four applications for extension or alternative plans in each Department of Transportation region in a calendar year. For purposes of this subsection, the regions are as follows:
(a) Region one consists of Clackamas, Columbia, Hood River, Multnomah and Washington Counties.
(b) Region two consists of Benton, Clatsop, Lane, Lincoln, Linn, Marion, Polk, Tillamook and Yamhill Counties.
(c) Region three consists of Coos, Curry, Douglas, Jackson and Josephine Counties.
(d) Region four consists of Crook, Deschutes, Gilliam, Jefferson, Klamath, Lake, Sherman, Wasco and Wheeler Counties.
(e) Region five consists of Baker, Grant, Harney, Malheur, Morrow, Umatilla, Union and Wallowa Counties.
(3) The Oregon Transportation Commission shall adopt rules for the administration of this section. In adopting rules, the commission may not define under what circumstances a local government is considered to be able to meet the funding requirements of the transportation planning rule adopted by the Land Conservation and Development Commission. [2009 c.589 ยง1]
Note: 367.850 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 367 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

Structure 2021 Oregon Revised Statutes

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 367.020 - Loans and other assistance to public and private entities; rules; other authorized purposes.

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 367.060 - Department pledge to ensure loan guarantees; transfer of moneys from State Highway Fund.

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 367.171 - Indenture.

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 367.615 - Bond issuance; bonds not general obligation; conditions for issuance of additional bonds; use of bond proceeds.

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 367.622 - Preservation and modernization projects funded by specified bonds; rules; selection criteria.

Section 367.623 - Consultation with local governments for project selection.

Section 367.630 - Highway revenue declaration; contents; purpose.

Section 367.635 - Bond form, issuance and maturity; provisions subject to determination of State Treasurer.

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 367.800 - Findings.

Section 367.802 - Definitions.

Section 367.804 - Goals of Oregon Innovative Partnerships Program; authority of Department of Transportation; confidentiality; expenses.

Section 367.806 - Agreements.

Section 367.808 - Evaluation of proposed agreements; role of Attorney General.

Section 367.810 - State Transportation Enterprise Fund.

Section 367.812 - Bonds secured by State Transportation Enterprise Fund; financing of transportation projects.

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.

Section 367.824 - Rules; supremacy of federal law.

Section 367.850 - Alternatives to meeting funding requirements of transportation planning rule; rules.