ORS 367.163 Purposes for which bonds may be issued

The State Treasurer, at the request of the Department of Transportation, may issue grant anticipation revenue bonds for the purposes of:

Financing highway improvement projects including highway improvement projects already under way or scheduled;

Financing the restoration, reconstruction or renovation of highway improvements in Oregon;

Financing transportation projects;

Paying the costs of issuance of the revenue bonds including, but not limited to, the costs and fees of paying agents, trustees and remarketing agents;

Paying the costs of credit enhancements; or

Financing the Interstate 5 bridge replacement project.