reglab/housing_qa huggingface dataset:
OR Rev Stat § 391.090 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.090 - Legislative findings; use of lottery moneys for light rail project; policy and intent.

The Legislative Assembly finds that: (1) The development, acquisition and construction of light rail systems and their attendant rights of way, equipment and facilities in the urban and metropolitan areas of the State of Oregon do and will accomplish the purpose of creating jobs and furthering economic development in Oregon by, among other advantages: (a) Providing an important element of the public infrastructure that provides the basic framework for continuing and expanding economic activity in this state; (b) Increasing the economy and efficiency of public transportation, improving the attractiveness of urban and metropolitan areas to new businesses and supporting the operations and prosperity of existing businesses in those areas by making those businesses more accessible to their customers and employees; (c) Alleviating the inefficiencies of congestion and crowding associated with, and reducing the burdens of expansion and maintenance of, existing public transportation systems and facilities, as well as reducing energy consumption and air pollution fostered by the use of motor vehicles; and (d) Creating employment opportunities in urban and metropolitan areas through the funding of projects for the development and construction of the light rail systems. (2) Additionally, the provision of state and local moneys for the proposed Westside corridor light rail project identified in ORS 391.120 (2)(a) will encourage the contribution of otherwise unavailable federal matching grant moneys, the use of which will, for the reasons stated in subsection (1) of this section, forward the purpose of creating jobs and furthering economic development in Oregon. (3) Based on the legislative findings described in this section, the use of net proceeds from the operation of the state lottery for the support of the Westside corridor light rail project, as provided in ORS 391.130, is an appropriate use of state lottery funds under section 4 (3), Article XV of the Oregon Constitution and ORS 461.510. (4) It is the intent and policy of the Legislative Assembly to insure the funding and support of the Westside corridor light rail project identified in ORS 391.120 (2)(a) in the manner provided in ORS 391.130 to 391.150, to the extent required for the state to realize the benefit of all federal matching funds made available for that project, and to the extent necessary to complete the project. [1991 c.575 §1]
OR Rev Stat § 391.110 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.110 - Legislative findings.

(1) The Legislative Assembly finds that economic growth and livability depend on a solid transportation infrastructure to aid in the production and distribution of goods and services and the efficient movement of people. (2) The Legislative Assembly also finds that an efficient surface transportation system in our metropolitan areas must balance highways and arterial roads with mass transit and light rail facilities. Mass transit and light rail improvements can lessen the cost of highway expansion, reconstruction and maintenance by significantly decreasing traffic flow. (3) Therefore, the Legislative Assembly shall establish the Regional Light Rail Extension Construction Fund as a means of facilitating the development of a balanced surface transportation system that includes the appropriate application of highways, light rail and mass transit. [1989 c.868 §2]
OR Rev Stat § 391.125 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.125 - Regional Light Rail Extension Bond Account; purpose.

(1) The Regional Light Rail Extension Bond Account is created as a separate and distinct subaccount in the Regional Light Rail Extension Construction Fund. In each fiscal year in which any amounts of principal or interest are due and payable on any revenue bonds issued under ORS 391.140, the Director of Transportation shall cause to be transferred from the Regional Light Rail Extension Construction Fund to the Regional Light Rail Extension Bond Account an amount, which, when added to the moneys on deposit in the account that are available to be used for such purpose, shall be sufficient to pay when due all amounts of principal and interest coming due on such bonds in that fiscal year. (2) All moneys on deposit from time to time in the Regional Light Rail Extension Bond Account, together with all investment earnings thereon, shall be pledged and are continuously appropriated to the payment of the bonds issued under ORS 391.140. All investment earnings on moneys on deposit from time to time in the Regional Light Rail Extension Bond Account shall be retained in that account and applied to pay the principal of and interest on bonds issued under ORS 391.140. [1991 c.575 §3]
OR Rev Stat § 391.150 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.150 - Joint management of specified light rail project; contracting procedures.

(1) The Department of Transportation and the Tri-County Metropolitan Transportation District shall jointly manage the construction phases of the Westside corridor light rail project. The final project management plans of the managing agencies shall provide that the district shall manage and oversee construction of the light rail right of way and facilities and that the department shall manage and oversee the construction of highway improvements related to the extension of the light rail system. The department and the district shall describe in a memorandum of understanding or grant agreement the functions and responsibilities assigned to each of the managing agencies and shall establish an organizational and management system for the project under which significant actions during the construction phase occur only with the knowledge of both of the managing agencies. (2) Subject to ORS 279.835 to 279.855 and ORS chapters 279A, 279B and 279C and any applicable prohibitions against preferences in contracts related to the construction phase of the Westside corridor light rail project, the managing agencies shall develop procedures that afford qualified businesses in Oregon the opportunity to compete for project contracts to the maximum extent feasible and consistent with federal laws and regulations governing Federal Transit Administration grants. (3) The managing agencies shall seek the cooperation and assistance of contracting and construction associations in this state when establishing the contracting procedures for the Westside corridor light rail project. The managing agencies shall also establish and implement programs to provide contracting and construction businesses with information relating to the project. (4) The managing agencies, to the maximum extent feasible, shall encourage disadvantaged business enterprises to bid for contracts and to otherwise participate in the Westside corridor light rail project. [1991 c.575 §5; 1993 c.741 §65; 2003 c.794 §271]
OR Rev Stat § 391.301 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.301 - Ratification of compact.

The Legislative Assembly of the State of Oregon hereby adopts and ratifies the Columbia River Light Rail Transit Compact set forth in ORS 391.306, and the provisions of the compact are hereby declared to be the law of this state upon such compact becoming effective as provided in Article XXII of the compact. [1996 c.13 §1]
OR Rev Stat § 391.311 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.311 - Effect of compact on powers and privileges of mass transit districts in Oregon and Washington.

(1) A mass transit district established under ORS 267.010 to 267.394, when operating under the authority or direction of the Columbia River Light Rail Transit Authority established under the Columbia River Light Rail Transit Compact ratified by ORS 391.301, retains all the rights, powers, privileges and immunities conferred upon the district by ORS 267.010 to 267.394 to the extent that those rights, powers, privileges and immunities are consistent with the provisions of the Columbia River Light Rail Transit Compact. (2) A mass transit agency organized under the laws of the State of Washington, when operating in Oregon under the authority or direction of the Columbia River Light Rail Transit Authority established under the Columbia River Light Rail Transit Compact ratified by ORS 391.301, may exercise all of the rights, powers, privileges and immunities conferred upon a mass transit district by ORS 267.010 to 267.394 to the extent that those rights, powers, privileges and immunities are consistent with the provisions of the Columbia River Light Rail Transit Compact. [1996 c.13 §3]
OR Rev Stat § 391.500 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.500 - Declaration of policy; construction of statutes.

(1) The Legislative Assembly of the State of Oregon finds and declares that: (a) It is in the public interest to provide methods of financing the costs of mass transit facilities; and (b) The method of financing provided in ORS 267.227 and 391.500 to 391.660 is in the public interest and serves a public purpose. (2) The purpose of ORS 267.227 and 391.500 to 391.660 is to create an authority to provide financial assistance to mass transit districts. (3) ORS 267.227 and 391.500 to 391.660 shall be liberally construed. [1977 c.662 §2]
OR Rev Stat § 391.510 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.510 - Definitions for ORS 391.500 to 391.660.

As used in ORS 267.227 and 391.500 to 391.660, unless the context otherwise requires: (1) "Acquire" or "acquisition" means the acquisition, by purchase, lease, gift, grant, devise, construction, installation, reconstruction, repair and alteration, and the equipment, improvement and extension of mass transit facilities. (2) "Authority" means the Oregon Mass Transportation Financing Authority created by ORS 267.227 and 391.500 to 391.660. (3) "Board" means the members of the authority created in ORS 391.520. (4) "District" means a mass transit district established under ORS 267.010 to 267.394. (5) "Finance" or "financing" means the issuance of revenue bonds pursuant to ORS 391.570 by the authority for the purpose of providing financial assistance to districts. (6) "Financial assistance" means the providing of methods of financing of costs of mass transit facilities under ORS 267.227 and 391.500 to 391.660. (7) "Mass transit facility" or "facilities" means any or all property constituting a mass transit system, or any portion thereof, in any manner owned, used, leased or operated by a district and which is located wherever a district is authorized to operate. [1977 c.662 §3]
OR Rev Stat § 391.520 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.520 - Financing authority created; membership.

The Oregon Mass Transportation Financing Authority is hereby created as a public instrumentality of the State of Oregon and the exercise by the authority of the powers conferred by ORS 267.227 and 391.500 to 391.660 is the performance of an essential public function. The authority shall consist of the chairperson of the Oregon Transportation Commission, the State Treasurer, or designee, the chairperson of the Oregon Investment Council, or designee, and a representative designated by the board of directors of each district. [1977 c.662 §4]
OR Rev Stat § 391.530 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.530 - Meetings; quorum; expenses.

The members shall select a chairperson from among themselves and may select such other officers as they consider necessary. Any member may call a meeting of the board. A majority of the members of the Oregon Mass Transportation Financing Authority shall constitute a quorum for all purposes. Members of the authority shall receive no compensation for services but shall be entitled to the necessary expenses incurred in the discharge of their duties. [1977 c.662 §5]
OR Rev Stat § 391.540 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.540 - Bylaws; secretary’s duties, power.

The Oregon Mass Transportation Financing Authority may adopt and amend appropriate bylaws for the regulation of its affairs and the conduct of its business and may elect a secretary who need not be a member. The secretary shall perform such duties as the board shall designate and may give certificates under the official seal of the authority, and all persons dealing with the authority may rely on such certificates. [1977 c.662 §6]
OR Rev Stat § 391.560 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.560 - Lease terms for facility financed by bonds.

Any lease of a mass transit facility entered into pursuant to the provisions of ORS 267.227 and 391.500 to 391.660 shall be for a term not shorter than the longest maturity of any bonds issued to finance such mass transit facility or a portion thereof and shall provide for income, revenues and rentals from all sources pledged to the payment of such bonds adequate to pay the principal, interest and premiums, if any, on such bonds as the same fall due and to create and maintain such reserves and accounts for depreciation, if any, as the board in its discretion shall determine to be necessary. [1977 c.662 §8]
OR Rev Stat § 391.570 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.570 - Bonds; form; conditions; issuance; refunding.

(1) Bonds may be issued as serial bonds or as term bonds or a combination of both types. The board may provide that such bonds: (a) May be executed and delivered by the Oregon Mass Transportation Financing Authority at any time and from time to time in such amounts including all necessary and incidental expenses, together with all necessary initial bond and interest reserves and applicable interest during the period of acquisition; (b) May be in such form and denominations and of such terms and maturities; (c) May be in fully registered form or in bearer form registerable either as to principal or interest or both; (d) May bear such conversion privileges and be payable in such installments and at such time or times not exceeding 40 years from the date thereof; (e) May be payable at such time or times and at such place or places whether within or without the State of Oregon and evidenced in such manner; (f) May be made optional for redemption prior to maturity at such price or prices and on such terms and conditions; (g) May be executed by the manual or facsimile signatures of such officers of the authority; and (h) May contain such other provisions not inconsistent with ORS 267.227 and 391.500 to 391.660. (2) Any bonds of the authority may be sold for such price and in such manner and from time to time as may be determined by the board. The board shall publish notice of its intent to sell bonds, at least once, at least two days prior to the date of sale, in a newspaper of general circulation in each district which is to receive financial assistance from the proceeds of the bonds. The notice shall state the general purposes for which the bonds are to be sold. Issuance by the authority of one or more series of bonds for one or more purposes shall not preclude it from issuing other bonds in connection with the same mass transit facility or any other mass transit facility or for any other purpose, but the proceedings where any subsequent bonds may be issued shall recognize and protect any prior pledge made for any prior issue of bonds. Refunding bonds may be issued whether the bonds to be refunded are then subject to redemption or are thereafter subject to redemption or maturity, and regardless of the purpose for which the bonds to be refunded were issued by the authority. All such bonds and the interest coupons applicable thereto, if any, are made and shall be construed to be negotiable instruments. [1977 c.662 §9]
OR Rev Stat § 391.590 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.590 - Bonds not general obligation of state.

All bonds issued by the Oregon Mass Transportation Financing Authority under the provisions of ORS 267.227 and 391.500 to 391.660 shall not constitute a debt, liability or general obligation of this state, or a pledge of the faith and credit of this state, but shall be payable solely from the income revenues, receipts or assets pledged for their payment. Each bond issued shall contain on the face a statement that the State of Oregon or the authority shall not be obligated to pay the same nor the interest thereon except from the income revenues, receipts or assets pledged therefor, and that neither the general obligation, full faith and credit nor the taxing power of this state is pledged to the payment of the principal of or the interest on such bond. [1977 c.662 §11]
OR Rev Stat § 391.600 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.600 - Tax exempt status of income, property and bond interest.

(1) The income and, to the extent permitted by the Constitution, the property of the Oregon Mass Transportation Financing Authority shall be exempt from all taxation in the State of Oregon. For purposes of the Oregon Securities Law, bonds issued by the authority shall be deemed to be securities issued by an instrumentality or a political subdivision of the State of Oregon. (2) Interest payable on bonds of the authority shall be exempt from taxes imposed on income by the State of Oregon. [1977 c.662 §12]
OR Rev Stat § 391.605 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.605 - Limitations on transfer to metropolitan service district.

(1) No transfer authorized by ORS 267.020 of a mass transit district system to a metropolitan service district shall take effect while bonds issued by the Oregon Mass Transportation Financing Authority to finance mass transit facilities for the district are outstanding until a plan designed to repay any outstanding bonds when due is prepared by the governing body of the metropolitan service district and approved by: (a) The chairperson of the Oregon Transportation Commission or the chairperson’s designee; (b) The State Treasurer or State Treasurer’s designee; and (c) The chairperson of the Oregon Investment Council or the chairperson’s designee. (2) Persons given authority to approve a transfer under subsection (1) of this section may only refuse to approve a transfer for reasons relating to the financial effect of the transfer. [1983 c.306 §3]
OR Rev Stat § 391.610 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.610 - Expenses of authority; borrowed funds.

All expenses of the Oregon Mass Transportation Financing Authority incurred in carrying out the provisions of ORS 267.227 and 391.500 to 391.660 shall be payable solely from funds provided under the authority of ORS 267.227 and 391.500 to 391.660. For the purposes of meeting the necessary expenses of initial organization and operation until such date as the authority derives moneys from funds provided hereunder, the authority shall be empowered to borrow moneys from districts, and districts are empowered to lend money to the authority as may be required and agreed for such necessary expenses of organization and operation. Expenses incurred by the authority in connection with any application by a district for financial assistance under ORS 267.227 and 391.500 to 391.660 may be paid from the proceeds of bonds issued by the authority. [1977 c.662 §13; 2007 c.531 §18]
OR Rev Stat § 391.620 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 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. [1977 c.662 §14]
OR Rev Stat § 391.630 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.630 - Investments of surplus moneys.

The Oregon Mass Transportation Financing Authority may invest any surplus moneys in investments permitted by ORS 294.035. [1977 c.662 §15]
OR Rev Stat § 391.640 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.640 - Investment in authority’s bonds authorized.

The state and all counties, cities and other municipal corporations, all banking institutions and building and loan associations, savings and loan associations, investment companies, insurance companies and associations, and all personal representatives, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds issued pursuant to ORS 267.227 and 391.500 to 391.660. [1977 c.662 §16]
OR Rev Stat § 391.650 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.650 - Severability of ORS 391.500 to 391.660.

If any one or more sections or provisions of ORS 267.227 and 391.500 to 391.660, or the application thereof to any person or circumstance, shall ever be held by any court of competent jurisdiction to be invalid, the remaining provisions of ORS 267.227 and 391.500 to 391.660 and the application thereof to persons or circumstances other than those to which it is held to be invalid, shall not be affected thereby, it being the intention of this Legislative Assembly to enact the remaining provisions of ORS 267.227 and 391.500 to 391.660 notwithstanding such invalidity. [1977 c.662 §19]
OR Rev Stat § 391.660 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 391 - Mass Transportation|Section 391.660 - Short title.

ORS 267.227 and 391.500 to 391.660 may be referred to and cited as the "Oregon Mass Transportation Financing Act." [1977 c.662 §1]