Oregon Revised Statutes Chapter 367 § 367.816 — Use of
Oregon Revised Statutes Chapter 367 ·
Oregon Code § 367.816·Enacted ·Last updated March 01, 2026
Statute Text
Use of
moneys in Oregon Transportation Infrastructure Fund for projects.
(1) Notwithstanding ORS 367.020,
the Department of Transportation may use moneys in the Oregon Transportation
Infrastructure Fund established by ORS 367.015 to ensure the repayment of loan
guarantees or extensions of credit made to or on behalf of private entities
engaged in the planning, acquisition, financing, development, design,
construction, reconstruction, replacement, improvement, maintenance,
management, repair, leasing or operation of any transportation project that is
part of the program established under ORS 367.804.
(2) The lien of a
pledge made under this section is subordinate to the lien of a pledge securing
bonds payable from moneys in the State Highway Fund described in ORS 366.505,
the Toll Program Fund established by ORS 383.009 or the State Transportation Enterprise
Fund established by ORS 367.810. [2003 c.790 §9; 2021 c.630 §159]
Note:
See note under 367.800.
Plain English Explanation
This Oregon statute addresses Use of
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 367.816
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Use of
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