Oregon Revised Statutes Chapter 367 § 367.010 — Definitions for chapter

Definitions for chapter. As used in this chapter: (1) “Agency” means any department, agency or commission of the State of Oregon. (2) “Bond” means a contractual undertaking or an instrument to borrow money including, but not limited to, a bond, a note, an obligation, a loan agreement, a financing lease, a financing agreement or other similar instrument or agreement. (3) “Bond debt service” means payment of: (a) Principal, interest, premium, if any, or purchase price of a bond; (b) Amounts due to a credit enhancement provider, trustee, paying agent, commercial paper dealer or remarketing agent authorized by this chapter; (c) Amounts necessary to fund bond debt service reserves; and (d) Amounts due under an agreement for exchange of interest rates if designated by the State Treasurer or the Department of Transportation. (4) “Credit enhancement” means a credit enhancement device, as defined in ORS 286A.001. (5) “Financial institution” means a banking institution, a financial institution or a non-Oregon institution, as those terms are defined in ORS 706.008, and any other institution defined by rule of the Oregon Transportation Commission as a financial institution for purposes of ORS 367.010 to 367.067. (6) “Infrastructure assistance” means any use of moneys in the Oregon Transportation Infrastructure Fund, other than an infrastructure loan, to provide financial assistance for transportation projects. The term includes, but is not limited to, use of moneys in the infrastructure fund to finance leases, fund reserves, make grants, pay issuance costs or provide credit enhancement or other security for bonds issued by a public entity to finance transportation projects. (7) “Infrastructure bonds” means bonds authorized by ORS 367.030, 367.555 to 367.600 or 367.605 to