Oregon Law
Law as of Jan 1, 2026
Chapter contents
367.010Definitions for chapter 367.015Oregon Transportation Infrastructure Fund; sources; uses; rules; investment 367.017[2009 c.865 §31; repealed by 2017 c.750 §140] 367.020Loans and other assistance to public and private entities; rules; other authorized purposes 367.025Issuance of infrastructure bonds 367.030Issuance of revenue bonds; bond covenants; maximum amount of bonds 367.035Loans to municipalities; authority of municipalities; repayment plan 367.040Loans to state agencies; loan contract 367.050Powers of department 367.055Federal stimulus moneys 367.060Department pledge to ensure loan guarantees; transfer of moneys from State Highway Fund 367.066Definitions for ORS 367.066 and 367.067 367.067Short Line Credit Premium Account; rules 367.070Industrial Rail Spur Fund 367.080Connect Oregon Fund 367.081Distribution of amounts in Connect Oregon Fund 367.082Grants from Connect Oregon Fund; rules 367.084Selection of projects 367.086Administration of projects 367.089[2017 c.750 §84; repealed by 2019 c.491 §56] 367.091Multimodal Active Transportation Fund 367.093Grants from Multimodal Active Transportation Fund; rules 367.095Tax and fee distribution and projects 367.097Debt service 367.098Fund exchange; allocation to local governments; rules 367.105Short-term borrowing; conditions; repayment 367.155[Formerly part of 366.735; repealed by 1981 c.660 §18] 367.160[Formerly 366.740; 1981 c.94 §33; repealed by 1981 c.660 §18] 367.161Definitions for ORS 367.161 to 367.181 367.163Purposes for which bonds may be issued 367.165[Formerly 366.745; repealed by 1981 c.660 §18] 367.166Requirements for grant anticipation revenue bonds; authority of State Treasurer 367.168Revenue declaration 367.170[Formerly 366.750; repealed by 1981 c.660 §18] 367.171Indenture 367.173Moneys that may be used for payment of grant anticipation revenue bonds 367.175[Formerly 366.755; 1975 c.462 §5; repealed by 1981 c.660 §18] 367.176Refunding grant anticipation revenue bonds 367.178Collection and use of federal transportation funds 367.180[Formerly 366.760; repealed by 1981 c.660 §18] 367.181Limits on obligation of grant anticipation revenue bonds 367.185[1975 c.436 §6; repealed by 1981 c.660 §18] 367.202[Formerly 366.625; repealed by 1963 c.61 §1] 367.204[Formerly 366.627; repealed by 1963 c.61 §1] 367.206[Formerly 366.629; repealed by 1963 c.61 §1] 367.208[Formerly 366.631; repealed by 1963 c.61 §1] 367.210[Formerly 366.633; repealed by 1963 c.61 §1] 367.212[Formerly 366.635; repealed by 1963 c.61 §1] 367.214[Formerly 366.637; repealed by 1963 c.61 §1] 367.216[Formerly 366.639; repealed by 1963 c.61 §1] 367.218[Formerly 366.641; repealed by 1963 c.61 §1] 367.220[Formerly 366.643; repealed by 1963 c.61 §1] 367.226[Formerly 366.645; repealed by 2003 c.201 §39] 367.228[Formerly 366.650; 1989 c.610 §1; repealed by 2003 c.201 §39] 367.230[Formerly 366.655; repealed by 2003 c.201 §39] 367.232[Formerly 366.660; repealed by 2003 c.201 §39] 367.234[Formerly 366.665; 1981 c.660 §20; repealed by 2003 c.201 §39] 367.236[Formerly 366.670; repealed by 2003 c.201 §39] 367.238[Formerly 366.675; 1975 c.462 §6; 1983 c.740 §120; repealed by 2003 c.201 §39] 367.240[Formerly 366.680; repealed by 1989 c.610 §3] 367.242[Formerly 366.685; repealed by 2003 c.201 §39] 367.252[Formerly 366.688; repealed by 1981 c.660 §18] 367.254[Formerly 366.689; 1967 c.335 §43; repealed by 1981 c.660 §18] 367.256[Formerly 366.690; repealed by 1981 c.660 §18] 367.258[Formerly 366.691; 1981 c.660 §21; 1991 c.67 §91; repealed by 2003 c.201 §39] 367.260[Formerly 366.692; 1975 c.462 §7; repealed by 1981 c.660 §18] 367.262[Formerly 366.693; repealed by 1981 c.660 §18] 367.264[Formerly 366.694; repealed by 1981 c.660 §18] 367.266[Formerly 366.695; repealed by 1981 c.660 §18] 367.268[Formerly 366.696; repealed by 1981 c.660 §18] 367.270[Formerly 366.697; repealed by 1981 c.660 §18] 367.282[Formerly 366.6980; repealed by 1981 c.660 §18] 367.284[Formerly 366.6981; repealed by 1981 c.660 §18] 367.286[Formerly 366.6982; 1967 c.335 §44; repealed by 1981 c.660 §18] 367.288[Formerly 366.6983; repealed by 1981 c.660 §18] 367.290[Formerly 366.6984; repealed by 1981 c.660 §18] 367.292[Formerly 366.6985; 1975 c.462 §8; repealed by 1981 c.660 §18] 367.294[Formerly 366.6986; repealed by 1981 c.660 §18] 367.296[Formerly 366.6987; repealed by 1981 c.660 §18] 367.298[Formerly 366.6988; repealed by 1981 c.660 §18] 367.300[Formerly 366.6989; repealed by 1981 c.660 §18] 367.302[Formerly 366.6990; repealed by 1981 c.660 §18] 367.324[Formerly 366.7000; repealed by 1981 c.660 §18] 367.326[Formerly 366.7001; repealed by 1981 c.660 §18] 367.328[Formerly 366.7002; 1967 c.335 §45; repealed by 1981 c.660 §18] 367.330[Formerly 366.7003; repealed by 1981 c.660 §18] 367.332[Formerly 366.7004; repealed by 1981 c.660 §18] 367.334[Formerly 366.7005; 1975 c.462 §9; repealed by 1981 c.660 §18] 367.336[Formerly 366.7006; repealed by 1981 c.660 §18] 367.338[Formerly 366.7007; repealed by 1981 c.660 §18] 367.340[Formerly 366.7008; repealed by 1981 c.660 §18] 367.344[Formerly 366.7009; repealed by 1981 c.660 §18] 367.346[Formerly 366.7010; repealed by 1981 c.660 §18] 367.365[Formerly 366.7020; repealed by 1981 c.660 §18] 367.370[Formerly 366.7021; 1981 c.660 §48; repealed by 2003 c.201 §39] 367.372[1961 c.381 §2; repealed by 1981 c.660 §18] 367.380[Formerly 366.7022; 1967 c.335 §46; repealed by 1981 c.660 §18] 367.385[Formerly 366.7023; repealed by 1981 c.660 §18] 367.390[Formerly 366.7024; repealed by 1981 c.660 §18] 367.395[Formerly 366.7025; 1975 c.462 §10; repealed by 1981 c.660 §18] 367.400[Formerly 366.7026; repealed by 1981 c.660 §18] 367.405[Formerly 366.7027; repealed by 1981 c.660 §18] 367.410[Formerly 366.7028; repealed by 1981 c.660 §18] 367.415[Formerly 366.7029; 1981 c.660 §49; repealed by 2003 c.201 §39] 367.420[Formerly 366.7030; repealed by 1981 c.660 §18] 367.425[1961 c.345 §3; repealed by 1981 c.660 §18] 367.430[1961 c.345 §4; 1981 c.660 §50; repealed by 2003 c.201 §39] 367.465[1961 c.483 §1; repealed by 1981 c.660 §18] 367.470[1961 c.483 §2; repealed by 1981 c.660 §18] 367.480[1961 c.483 §3; 1967 c.335 §47] 367.485[1961 c.483 §4; repealed by 1981 c.660 §18] 367.490[1961 c.483 §5; repealed by 1981 c.660 §18] 367.495[1961 c.483 §6; 1975 c.462 §11; repealed by 1981 c.660 §18] 367.500[1961 c.483 §7; repealed by 1981 c.660 §18] 367.505[1961 c.483 §8; repealed by 1981 c.660 §18] 367.510[1961 c.483 §9; repealed by 1981 c.660 §18] 367.520[1961 c.483 §10; repealed by 1981 c.660 §18] 367.550[1973 c.698 §1; repealed by 2003 c.201 §39] 367.555Authority to issue general obligation bonds 367.560Disposition and use of general obligation bond proceeds 367.565Procedure for issuing general obligation bonds under ORS 367.555 to 367.600 367.570[1973 c.698 §5; repealed by 1981 c.660 §18] 367.575[1973 c.698 §6; repealed by 1981 c.660 §18] 367.580[1973 c.698 §7; repealed by 1981 c.660 §18] 367.585[1973 c.698 §8; repealed by 1981 c.660 §18] 367.590[1973 c.698 §9; repealed by 1981 c.660 §18] 367.595Setting aside sufficient moneys to pay maturing obligations 367.600Compliance with constitutional debt limits 367.605Source of funds to secure Highway User Tax Bonds 367.610[1985 c.551 §2a; repealed by 2003 c.201 §39] 367.615Bond issuance; bonds not general obligation; conditions for issuance of additional bonds; use of bond proceeds 367.617Allocation of bonds 367.620Limitation on bond amount 367.621Use of private sector resources in specified work 367.622Preservation and modernization projects funded by specified bonds; rules; selection criteria 367.623Consultation with local governments for project selection 367.625[1985 c.551 §4a; repealed by 1999 c.1036 §6] 367.630Highway revenue declaration; contents; purpose 367.635Bond form, issuance and maturity; provisions subject to determination of State Treasurer 367.640Indenture; provisions 367.645Reserve account 367.650Trust indenture to secure bonds; provisions 367.655Loan of bond proceeds to cities and counties; use of loans; rules 367.660Lien on certain moneys pledged for bonds; terms of lien 367.665Interest on bonds exempt from state income tax 367.670[1985 c.551 §13; repealed by 2007 c.783 §234] 367.700Authority to sell limited amount of bonds under ORS 367.700 to 367.750 367.705Use of funds; priority 367.710Repayment by city or county; interest 367.715Procedure for issuing bonds under ORS 367.700 to 367.750 367.720[1975 c.211 §5; repealed by 1981 c.660 §18] 367.725[1975 c.211 §6; repealed by 1981 c.660 §18] 367.730[1975 c.211 §7; repealed by 1981 c.660 §18] 367.735[1975 c.211 §8; repealed by 1981 c.660 §18] 367.740[1975 c.211 §9; repealed by 1981 c.660 §18] 367.745Setting aside sufficient moneys to pay maturing bonds 367.750Constitutional debt limits not to be exceeded 367.800Findings 367.802Definitions 367.804Goals of Oregon Innovative Partnerships Program; authority of Department of Transportation; confidentiality; expenses 367.806Agreements 367.808Evaluation of proposed agreements; role of Attorney General 367.810State Transportation Enterprise Fund 367.812Bonds secured by State Transportation Enterprise Fund; financing of transportation projects 367.814Moneys from federal government or other sources 367.816Use of moneys in Oregon Transportation Infrastructure Fund for projects 367.818Eminent domain powers 367.820Creation of district; use of revenues within district 367.822Advisory committees on transportation projects; rules 367.824Rules; supremacy of federal law 367.826[2003 c.790 §16; repealed by 2015 c.138 §15] 367.850Alternatives to meeting funding requirements of transportation planning rule; rules

Chapter 367 — Transportation Financing; Projects

ORS 367.635 Bond form, issuance and maturity; provisions subject to determination of State Treasurer

(1)

A bond issued under ORS 367.615:

(a)

Must contain on its face a statement that the ad valorem taxing power of this state or any political subdivision of this state is not pledged to the payment of the principal or the interest on the bond.

(b)

Shall be issued as provided in ORS chapter 286A.

(c)

Must mature on or before a date determined by calculation of the expected economic life of the improvements, assets and projects financed with the proceeds of the bonds. Subject to this paragraph, the time bonds mature may be as established by indenture under ORS 367.640.

(2)

The State Treasurer shall determine, in consultation with the department and consistent with ORS chapter 286A, all aspects relating to the sale of bonds under ORS 367.615 that are not otherwise specifically provided, including rate of interest and discount, if any.

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2026-01-01

2025 Oregon Revised Statutes — official online source