(1) The principal amount of Highway User Tax Bonds issued under ORS 367.615 shall be subject to the provisions of ORS 286A.035.\n(2) Highway User Tax Bonds may be issued under ORS 367.615 for the purposes described in ORS 367.622 in an aggregate principal amount sufficient to produce net proceeds of not more than $500 million.\n(3)(a) Highway User Tax Bonds may be issued under ORS 367.615 for bridge purposes described in section 10 (1), chapter 618, Oregon Laws 2003, in an aggregate principal amount sufficient to produce net proceeds of not more than $1.6 billion.\n(b) Highway User Tax Bonds may be issued under ORS 367.615 for modernization purposes described in sections 10 (2) and 11, chapter 618, Oregon Laws 2003, in an aggregate principal amount sufficient to produce net proceeds of not more than $300 million.\n(c) Highway User Tax Bonds may be issued under ORS 367.615 for the purposes described in section 64, chapter 865, Oregon Laws 2009, in an aggregate principal amount sufficient to produce net proceeds of not more than $840 million. The proceeds from bonds issued as described in this paragraph that are not required for the purposes described in section 64, chapter 865, cient to produce net proceeds of not more than $840 million. The proceeds from bonds issued as described in this paragraph that are not required for the purposes described in section 64, chapter 865, Oregon Laws 2009, shall be allocated to transportation projects, as defined in ORS 367.010.\n(d) Highway User Tax Bonds may be issued under ORS 367.615 for purposes described in section 71d, chapter 750, Oregon Laws 2017, in an aggregate principal amount sufficient to produce net proceeds of not more than $480 million.\n(e) The Department of Transportation, with the approval of the State Treasurer, may designate the extent to which a series of bonds authorized under this subsection is secured and payable on a parity of lien or on a subordinate basis to existing or future Highway User Tax Bonds. [1985 c.551 §4; 1999 c.1036 §4; 2001 c.669 §1; 2002 s.s.1 c.3 §1; 2003 c.618 §6; 2007 c.783 §171; 2009 c.865 §61; 2011 c.629 §2; 2017 c.191 §2; 2017 c.750 §71i]\nNote:\nSection 71d, chapter 750, Oregon Laws 2017, provides:\nSec. 71d.\n(1) On and after January 1, 2020, the Oregon Transportation Commission shall use the proceeds of bonds, as defined in ORS 367.010, authorized under ORS 367.620 Oregon Laws 2017, provides:\nSec. 71d.\n(1) On and after January 1, 2020, the Oregon Transportation Commission shall use the proceeds of bonds, as defined in ORS 367.010, authorized under ORS 367.620 (3)(d) to finance the transportation projects listed in this section. The commission shall determine the order of completion for the projects listed in subsection (2) of this section.\n(2) No later than January 1, 2024, the commission shall allocate the following amounts to each region, as described in ORS 366.805, for the projects listed below, provided that the commission determines that the projects could constitutionally be funded by revenues described in Article IX, section 3a, of the Oregon Constitution:\n______________________________________________________________________________\n(a) Region 1: $ 249,700,000\n(A) State Highway 211\nimprovements beginning where\nthe highway intersects with\nState Highway 213 and ending\nwhere the highway intersects\nMolalla Avenue in the\nCity of Molalla\n(B) WaNaPa Street improvements\nin the City of Cascade Locks\n(C) Port of Hood River bridge\nreplacement environmental\nimpact study\n(D) Columbia Boulevard\npedestrian safety\n(E) Southeast Molalla\n(B) WaNaPa Street improvements\nin the City of Cascade Locks\n(C) Port of Hood River bridge\nreplacement environmental\nimpact study\n(D) Columbia Boulevard\npedestrian safety\n(E) Southeast Powell\nBoulevard jurisdiction\ntransfer as described\nunder ORS 366.483\n(F) Interstate 205 active traffic\nmanagement project\n(G) Interstate 205 corridor\nbottleneck project\n(H) State Highway 217\nNorthbound project\n(I) State Highway 217\nSouthbound project\n(J) Improvements to Graham\nRoad where it intersects\nwith Interstate 84 in\nthe City of Troutdale\n(b) Region 2: $ 201,950,000\n(A) Oregon Manufacturing\nInnovation Center Access\nRoads in Columbia County\n(B) Interstate 5 at the\nAurora-Donald interchange,\nPhase I\n(C) State Highway 99E in\nthe City of Halsey\n(D) State Highway 214\npedestrian safety\nimprovements at the\nintersection with\nJefferson Street in the\nCity of Silverton\n(E) Territorial Highway\njurisdiction transfer as\ndescribed under ORS 366.483\n(F) U.S. Highway 20 safety\nupgrades from the\nCity of Albany to the\nCity of Corvallis\n(G) State Highway 58, adding\npassing lanes west of the\nCity of Oakridge\n(H) State Highway 22 and Center\nStreet Bridge, hway 20 safety\nupgrades from the\nCity of Albany to the\nCity of Corvallis\n(G) State Highway 58, adding\npassing lanes west of the\nCity of Oakridge\n(H) State Highway 22 and Center\nStreet Bridge, seismic\nretrofit in the City\nof Salem\n(I) State Highway 99 in City of\nEugene jurisdiction transfer\nas described under ORS 366.483\n(J) State Highway 126\nFlorence-Eugene Highway for\nenvironmental impact study\n(K) 42nd Street in the City\nof Springfield\n(L) Newberg and Dundee Bypass,\nState Highway 99W,\nPhase II, shovel ready\npreparations\n(c) Region 3: $ 75 million\n(A) Scottsburg Bridge on\nState Highway 38 in\nDouglas County\n(B) Southern Oregon seismic\ntriage transportation\nproject\n(d) Region 4: $ 76,493,000\n(A) U.S. Highway 97 Cooley\nRoad mid-term\nimprovements\n(B) U.S. Highway 97 at\nTerrebonne\n(C) Improvements to Alder\nCreek Road in\nWheeler County\n(D) Pedestrian safety\nimprovements\nin the City of Dufur\n(E) Pedestrian safety\nimprovements in the\nCity of Prineville\n(F) Tom McCall Road\nroundabout\n(G) Pedestrian safety\nimprovements\nin the City of Arlington\n(e) Region 5: $ 43,647,000\n(A) Port of Umatilla Road\n(B) Hermiston North First\nPlace Project in lle\n(F) Tom McCall Road\nroundabout\n(G) Pedestrian safety\nimprovements\nin the City of Arlington\n(e) Region 5: $ 43,647,000\n(A) Port of Umatilla Road\n(B) Hermiston North First\nPlace Project in the\nCity of Hermiston\n(C) State Highway 30 and\nHughes Lane intersection\nin Baker County\n(D) Eastern Oregon Trade and\nEvent Center access road\n(E) Pedestrian safety\nimprovements in the\nCity of Heppner\n(F) Pedestrian safety\nimprovements in the\nCity of Milton-Freewater\n(G) Columbia Development\nAuthority Access Road\n(H) Pedestrian safety\nimprovements\nin the City of Burns\n(I) Pedestrian safety\nimprovements\nin the City of Irrigon\n(J) U.S. Highway 20 freight\nmobility enhancements\n(K) Cedar Street and Hughes\nLane enhancements in\nBaker County\n______________________________________________________________________________\n(3)(a) When the commission determines that a project described in this section is completed, the commission shall reallocate any amount remaining from the allocation made under this section to another project described in the same region.\n(b) When the commission determines that all of the projects within a region are completed, the commission shall he allocation made under this section to another project described in the same region.\n(b) When the commission determines that all of the projects within a region are completed, the commission shall reallocate any amount remaining from the allocation made under this section to any other project listed in this section.\n(4) The amounts described in this section for jurisdiction transfers described in ORS 366.483 may not be allocated until after the transfer for which the allocation is dedicated occurs. [2017 c.750 §71d; 2018 c.93 §5]
Oregon Legal Code