The State Treasurer, at the request of the Department of Transportation, may issue grant anticipation revenue bonds for the purposes of:\n(1) Financing highway improvement projects including highway improvement projects already under way or scheduled;\n(2) Financing the restoration, reconstruction or renovation of highway improvements in Oregon;\n(3) Financing transportation projects;\n(4) 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;\n(5) Paying the costs of credit enhancements; or\n(6) Financing the Interstate 5 bridge replacement project. [2003 c.201 §3; 2013 c.4 §17]
Oregon Legal Code