Oregon Law
Law as of Jan 1, 2026
Chapter contents
391.090Legislative findings; use of lottery moneys for light rail project; policy and intent 391.100[1979 c.586 §1; 1981 c.262 §1; repealed by 2012 c.107 §100] 391.110Legislative findings 391.120Regional Light Rail Extension Construction Fund; purpose; requirements for expenditures from fund; reversion of unobligated balance 391.125Regional Light Rail Extension Bond Account; purpose 391.130Allocation of lottery moneys to Regional Light Rail Extension Construction Fund; authorized expenditures; end of allocations upon certification by Director of Transportation 391.140Revenue bonds for specified light rail project; amount; purpose; issuance by State Treasurer; pledge of revenues 391.150Joint management of specified light rail project; contracting procedures 391.160[1995 s.s. c.3 §1; repealed by 1997 c.800 §23] 391.165[1995 s.s. c.3 §2; 1997 c.249 §125; repealed by 1997 c.800 §23] 391.170[1995 s.s. c.3 §3; repealed by 1997 c.800 §23] 391.175[1995 s.s. c.3 §8; repealed by 1997 c.800 §23] 391.180[1995 s.s. c.3 §6; repealed by 1997 c.800 §23] 391.185[1995 s.s. c.3 §4; repealed by 1997 c.800 §23] 391.190[1995 s.s. c.3 §5; repealed by 1997 c.800 §23] 391.195[1995 s.s. c.3 §13; repealed by 1997 c.800 §23] 391.200[1995 s.s. c.3 §7; repealed by 1997 c.800 §23] 391.205[1995 s.s. c.3 §9; repealed by 1997 c.800 §23] 391.210[1995 s.s. c.3 §11; repealed by 1997 c.800 §23] 391.215[1995 s.s. c.3 §11a; repealed by 1997 c.800 §23] 391.220[1995 s.s. c.3 §12; repealed by 1997 c.800 §23] 391.225[1995 s.s. c.3 §14; repealed by 1997 c.800 §23] 391.230[1995 s.s. c.3 §15; repealed by 1997 c.800 §23] 391.235[1995 s.s. c.3 §16b; repealed by 1997 c.800 §23] 391.300[1995 s.s. c.3 §32; repealed by 1996 c.13 §4] 391.301Ratification of compact 391.305[1995 s.s. c.3 §33; repealed by 1996 c.13 §4] 391.306Columbia River Light Rail Transit Compact 391.310[1995 s.s. c.3 §34; repealed by 1996 c.13 §4] 391.311Effect of compact on powers and privileges of mass transit districts in Oregon and Washington 391.500Declaration of policy; construction of statutes 391.510Definitions for ORS 391.500 to 391.660 391.520Financing authority created; membership 391.530Meetings; quorum; expenses 391.540Bylaws; secretary’s duties, power 391.550Powers of Mass Transportation Financing Authority 391.560Lease terms for facility financed by bonds 391.570Bonds; form; conditions; issuance; refunding 391.580Pledges for bonds 391.590Bonds not general obligation of state 391.600Tax exempt status of income, property and bond interest 391.605Limitations on transfer to metropolitan service district 391.610Expenses of authority; borrowed funds 391.620Limitation on transfer of property rights 391.630Investments of surplus moneys 391.640Investment in authority’s bonds authorized 391.650Severability of ORS 391.500 to 391.660 391.660Short title 391.800[1985 c.816 §9; 1987 c.62 §1; 1989 c.224 §66; 2003 c.601 §2; 2003 c.751 §3; repealed by 2020 s.s.1 c.15 §1] 391.802[2003 c.751 §2; repealed by 2020 s.s.1 c.15 §1] 391.810[1985 c.816 §10; 1989 c.224 §67; 1989 c.866 §8; 2003 c.613 §1a; 2003 c.751 §4; repealed by 2020 s.s.1 c.15 §1] 391.815[1989 c.866 §10; 2003 c.751 §5; 2007 c.70 §154; repealed by 2020 s.s.1 c.15 §1] 391.820[1985 c.816 §11; 1987 c.532 §1; 1989 c.224 §68; 2003 c.751 §6; 2007 c.70 §155; repealed by 2020 s.s.1 c.15 §1] 391.830[1985 c.816 §12; 1989 c.224 §69; 1989 c.866 §11; 2003 c.613 §2; 2003 c.751 §7; 2007 c.70 §156; repealed by 2020 s.s.1 c.15 §1]

Chapter 391 — Mass Transportation

ORS 391.620 Limitation on transfer of property rights

The Oregon Mass Transportation Financing Authority shall not convey its right, title and interest in mass transit facilities to any district, prior to the time the bonds secured thereby are fully paid, unless the authority has determined that adequate provision has been made for the payment of principal, interest and premiums, if any, on the bonds as they become due.

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Provenance

Version history

2026-01-01

2025 Oregon Revised Statutes — official online source