reglab/housing_qa huggingface dataset:
OR Rev Stat § 367.560 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.560 - Disposition and use of general obligation bond proceeds.

All moneys obtained from the sale of general obligation bonds under ORS 367.555 to 367.600 must be paid over to the State Treasurer and credited by the State Treasurer to either the State Highway Fund or the Toll Program Fund. Such moneys may be used only for the purposes for which the bonds were authorized to be sold and, pending the use of the moneys, may be invested as provided by law. [1973 c.698 §3; 2003 c.201 §20; 2021 c.630 §156]
OR Rev Stat § 367.565 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.565 - Procedure for issuing general obligation bonds under ORS 367.555 to 367.600.

The Department of Transportation shall request the State Treasurer to issue general obligation bonds under ORS 367.555 to 367.600 in accordance with ORS chapter 286A. [1973 c.698 §4; 1981 c.660 §33; 2003 c.201 §21; 2007 c.783 §168]
OR Rev Stat § 367.595 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.595 - Setting aside sufficient moneys to pay maturing obligations.

The Department of Transportation shall compute and determine in January of each year, after the sale of bonds under ORS 367.555 to 367.600, the amount of principal and interest that will fall due during such year on general obligation bonds then outstanding and unpaid and shall maintain or hold in the State Highway Fund sufficient moneys to pay such maturing obligations. [1973 c.698 §10; 2003 c.201 §22]
OR Rev Stat § 367.600 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.600 - Compliance with constitutional debt limits.

The State Treasurer on behalf of the Department of Transportation may not issue or sell general obligation bonds under ORS 367.555 to 367.600 that, singly or in the aggregate with previous debts or liabilities incurred for the building and maintaining of permanent roads, exceed an applicable limitation provided in the Oregon Constitution at the date of the issuance and sale of such general obligation bonds. [1973 c.698 §11; 2003 c.201 §23; 2007 c.783 §169]
OR Rev Stat § 367.605 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.605 - Source of funds to secure Highway User Tax Bonds.

(1) Moneys deposited in the State Highway Fund established under ORS 366.505 are pledged to payment of Highway User Tax Bonds issued under ORS 367.615. (2) Except as provided in subsection (3) of this section, moneys, once deposited in the highway fund from the following sources are subject to the use or pledge described in subsection (1) of this section: (a) Moneys from the taxes and fees on motor carriers imposed under ORS 825.474 and 825.480. (b) Moneys from the tax on motor vehicle fuel imposed under ORS 319.020. (c) Moneys from the tax on fuel used in motor vehicles imposed under ORS 319.530. (d) Moneys from the special use fuel license fee under ORS 319.535. (e) Moneys described under ORS 803.090 from the titling of vehicles. (f) Moneys described under ORS 803.420 from the registration of vehicles. (g) Moneys described under ORS 807.370 relating to the issuance of driver licenses and driver permits. (h) Moneys received by the Department of Transportation from taxes, fees or charges imposed after January 1, 2001, or other revenues received by the department from sources not listed in paragraphs (a) to (g) of this subsection that are available for the use or pledge described by this section. (3) Moneys described under subsection (2) of this section do not include: (a) Moneys provided for appropriations to counties under ORS 366.762 to 366.768. (b) Moneys provided for appropriations to cities under ORS 366.785 to 366.820. (c) Moneys in the account established under ORS 366.512 for parks and recreation. (4) To the extent affirmatively pledged, moneys from the following sources are subject to the use or pledge described in subsection (1) of this section: (a) Moneys received by the Department of Transportation from the United States government. (b) Any other moneys legally available to the department. (5) Notwithstanding ORS 366.507, the lien or charge of any pledge of moneys securing bonds issued under ORS 367.615 is superior or prior to any other lien or charge and to any law of the state requiring the department to spend moneys for specified highway purposes. [1985 c.551 §2; 2001 c.669 §8; 2003 c.201 §24; 2007 c.783 §169a; 2014 c.13 §10]
OR Rev Stat § 367.617 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.617 - Allocation of bonds.

(1) As used in this section: (a) "Bond" has the meaning given that term in ORS 367.010. (b) "Bond debt service" has the meaning given that term in ORS 367.010. (2) On each January 1, April 1, July 1 and October 1, and on the date of issuance of any Highway User Tax Bonds described in ORS 367.620 (3)(c), the Department of Transportation shall determine: (a) The amount of Highway User Tax Bonds described in ORS 367.620 (3)(c) that are outstanding; (b) The amount reasonably estimated, as set forth in subsection (4) of this section, as being necessary to pay bond debt service on the outstanding Highway User Tax Bonds described in ORS 367.620 (3)(c); and (c) The amount of moneys allocated to the department under ORS 366.752 that is not required to pay bond debt service on the outstanding Highway User Tax Bonds described in ORS 367.620 (3)(c). The department shall deposit the amount into the Transportation Project Account established under ORS 366.523. (3) The amount of moneys determined by the department under subsection (2)(c) of this section may be allocated by the Oregon Transportation Commission pursuant to a request of the department, in an amount that does not exceed the amount determined by the department, under subsection (2)(c) of this section, to the following projects in the following order of priority: (a) The amount established for projects listed in section 64, chapter 865, Oregon Laws 2009; (b) $15 million each year for maintenance, preservation and safety of the highways so long as the amount reasonably estimated by the department pursuant to subsection (2)(b) of this section is not greater than the amount received by the department under ORS 366.752 (4)(c); and (c) For any other purposes determined by the commission. (4) To reasonably estimate the amount necessary to pay bond debt service on Highway User Tax Bonds described in ORS 367.620 (3)(c), the department shall include in its computation: (a) For fixed rate bonds, the bond debt service payments due on the bonds in the calendar quarter; and (b) For variable rate bonds, bond debt service payments due on the bonds in the calendar quarter, with interest computed at the maximum rate of interest as set forth in the bond declaration or bond indenture executed by the department pursuant to ORS 367.630 and 367.640. [2009 c.865 §62] Note: 367.617 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 367 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
OR Rev Stat § 367.621 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.621 - Use of private sector resources in specified work.

It is the policy of the State of Oregon to use increased revenues from the amendments to ORS 803.090, 803.420, 818.225, 825.476 and 825.480 by sections 1 to 5, chapter 618, Oregon Laws 2003, in a manner that maximizes the creation of new jobs. Each public body, as defined in ORS 174.109, that receives moneys from the revenues generated by the amendments to ORS 803.090, 803.420, 818.225, 825.476 and 825.480 by sections 1 to 5, chapter 618, Oregon Laws 2003, shall use private sector resources to the greatest extent possible in accomplishing the work funded by revenues from the amendments to ORS 803.090, 803.420, 818.225, 825.476 and 825.480 by sections 1 to 5, chapter 618, Oregon Laws 2003. [2003 c.618 §41] Note: 367.621 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 367 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
OR Rev Stat § 367.622 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.622 - Preservation and modernization projects funded by specified bonds; rules; selection criteria.

(1) As used in this section: (a) "Highway" has the meaning given that term in ORS 801.305. (b) "Modernization" means improvements that add capacity to highways, including but not limited to new or widened lanes and new bypasses. (c) "Preservation" means paving, striping, reconstruction and other activities designed to add useful life to existing highways. (2) Bonds described in ORS 367.620 (2) shall be used to finance preservation and modernization projects chosen by the Oregon Transportation Commission. The commission shall select projects from among the following: (a) Highways that need increased lane capacity. (b) Highways and bridges that have weight limitations. (c) State and local bridges. (d) Interchanges on multilane highways. (e) District highways in cities and counties that require preservation. The Department of Transportation shall adopt rules defining "district highway" for purposes of this paragraph. (3) In choosing projects under subsection (2) of this section, the commission shall use the following criteria, in addition to any criteria developed under ORS 367.623: (a) Lane capacity projects shall be chosen from a financially constrained list. (b) Bridge projects shall be chosen on the basis of a bridge inventory or rating system recognized by the commission. (c) Priority for interchange projects shall be given to projects on multilane highways where safety can be enhanced by constructing a grade-separated interchange to replace an at-grade crossing. (d) Priority for district highway preservation projects shall be given to those projects that may facilitate transfer of jurisdiction over the highway from the state to a local government. (e) Projects selected for financing under this section shall be equitably distributed throughout the state, using the criteria for distribution of projects that are used for the Statewide Transportation Improvement Program. [2001 c.669 §2; 2005 c.612 §8] Note: 367.622 and 367.623 were added to and made a part of ORS chapter 367 by legislative action but were not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
OR Rev Stat § 367.623 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.623 - Consultation with local governments for project selection.

In establishing criteria other than those specified in ORS 367.622 for selection of projects, and in choosing projects under ORS 367.622, the Oregon Transportation Commission shall consult with local governments, metropolitan planning organizations and regional transportation advisory groups. [2001 c.669 §3] Note: See note under 367.622.
OR Rev Stat § 367.630 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.630 - Highway revenue declaration; contents; purpose.

(1) Before bonds are issued under ORS 367.615, the Department of Transportation must prepare a highway revenue declaration authorizing issuance of the bonds. The declaration must be signed by the Director of Transportation or a person designated by the director and must be approved by the State Treasurer or a person designated by the State Treasurer. (2) A declaration prepared under this section may do any of the following: (a) Pledge any part or all of moneys described under ORS 367.605 for purposes of the bonds to be issued. (b) Limit the purpose for which the proceeds of the sale may be applied by the department. (c) Make pledges concerning the proceeds of the sale or moneys described under ORS 367.605 as necessary to secure payment of bonds of the department. (d) Limit the issuance of additional bonds under ORS 367.615, limit or establish terms upon which additional bonds may be issued under ORS 367.615 or limit or establish the issuance or the terms of issuance or provide for the refunding of outstanding bonds. (e) Provide for procedures, if any, by which the terms of contracts with bondholders may be amended or rescinded, for the percentage of the bondholders that must consent to amendment or rescinding of such contract and for the manner of bondholder consent to any amendment or rescinding of such contract. (f) Establish a trustee as described under ORS 367.650. (g) Vest a trustee appointed under ORS 367.650 with property, rights, powers and duties in trust, as the State Treasurer determines appropriate. Authority granted by this paragraph includes authority to: (A) Include the rights, powers and duties of a trustee appointed to bondholders. (B) Limit the rights, powers and duties of the trustee. (h) Provide for other matters affecting issuance of the bonds. (3) A declaration under this section may establish the same requirements, be subject to the same provisions, create the same obligations and confer the same rights and is otherwise subject to the same provisions as an indenture under ORS 367.640, if so provided in the declaration. [1985 c.551 §5; 1987 c.158 §64]
OR Rev Stat § 367.635 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.635 - Bond form, issuance and maturity; provisions subject to determination of State Treasurer.

(1) A bond issued under ORS 367.615: (a) Must contain on its face a statement that the ad valorem taxing power of this state or any political subdivision of this state is not pledged to the payment of the principal or the interest on the bond. (b) Shall be issued as provided in ORS chapter 286A. (c) Must mature on or before a date determined by calculation of the expected economic life of the improvements, assets and projects financed with the proceeds of the bonds. Subject to this paragraph, the time bonds mature may be as established by indenture under ORS 367.640. (2) The State Treasurer shall determine, in consultation with the department and consistent with ORS chapter 286A, all aspects relating to the sale of bonds under ORS 367.615 that are not otherwise specifically provided, including rate of interest and discount, if any. [1985 c.551 §6; 2003 c.201 §26; 2007 c.783 §172]
OR Rev Stat § 367.640 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.640 - Indenture; provisions.

An indenture under which bonds described under ORS 367.615 are issued may provide for any or all of the following: (1) The pledging of moneys or a portion of moneys described under ORS 367.605 to the payment of the bond debt service on bonds issued under ORS 367.615. (2) Requirements concerning particular issues of bonds under ORS 367.615. (3) Requirements concerning moneys described under ORS 367.605 and payment on outstanding bonds issued under ORS 367.615. (4) A contractual undertaking for the benefit of bondholders concerning assessment, levy collection and deposit of moneys described under ORS 367.605. (5) Provisions concerning the registration of bonds or recording or filing of the indenture. (6) Provisions relating to a reserve account under ORS 367.645. Provisions under this subsection may include, but are not limited to, the amount required for such account or provisions for replenishing the account from moneys described under ORS 367.605. (7) Provisions concerning trustees under ORS 367.650 including, but not limited to: (a) Establishing funds, accounts or moneys described under ORS 367.605 over which the trustee will be custodian. (b) Providing that a trustee will be appointed. (8) Establishing the maturation date for the bonds, subject to ORS 367.635. [1985 c.551 §7; 2003 c.201 §27]
OR Rev Stat § 367.645 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.645 - Reserve account.

The Department of Transportation may establish a separate reserve account to provide additional security for bonds issued under ORS 367.615. The following apply to any account established under this section: (1) The account may be established as part of the highway fund or separately. (2) The establishment of an account does not, in itself, limit the payment of bond debt service for bonds issued under ORS 367.615 to moneys in the account. Bond debt service for bonds issued under ORS 367.615 may be paid from any moneys under ORS 367.605, whether or not an account is established, unless otherwise provided by indenture under ORS 367.640. (3) The account is subject to any provisions established by indenture under ORS 367.640 concerning the amount of money in the account or the replenishing of moneys if the account is drawn down at any time while bonds are outstanding. (4) The account is subject to any other provisions concerning the account that are established by indenture under ORS 367.640. [1985 c.551 §8; 1989 c.610 §2; 2003 c.201 §28]
OR Rev Stat § 367.650 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.650 - Trust indenture to secure bonds; provisions.

At the discretion of the State Treasurer, bonds issued under ORS 367.615 may be secured by a trust indenture. A trust indenture established under this section is subject to the following: (1) The trust indenture shall be by and between the state and a trustee. (2) The trustee may be any trust company or bank having the powers of a trust company whether inside or outside the state. (3) The trustee may act as custodian as provided for by indenture under ORS 367.640. (4) The trustee must be jointly appointed by the director and the State Treasurer. (5) The trustee shall be vested with such powers and duties as provided for by indenture under ORS 367.640. [1985 c.551 §9]
OR Rev Stat § 367.655 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.655 - Loan of bond proceeds to cities and counties; use of loans; rules.

(1) Notwithstanding any other provision of law or any provision of charter or local ordinance to the contrary: (a) The Department of Transportation may loan a portion of proceeds from bonds issued under ORS 367.615 to cities and counties; and (b) Cities and counties may borrow moneys under this section. (2) Any loan made under this section is subject to all of the following provisions: (a) Moneys from the loan may only be used to defray costs of location, relocation, improvements, construction and reconstruction of city and county streets and roads. (b) The department shall establish rules concerning the making of agreements for the loans. Repayment of principal and interest by any city or county must be made according to the agreement between the department and the city or county. (c) If a city or county defaults of repayment, the department may withhold any part of the appropriation or allocation to the city under ORS 366.785 to 366.820 or the county under ORS 366.762 to 366.768 as provided for in the agreement for repayment made under this section. [1985 c.551 §10; 2003 c.201 §29]
OR Rev Stat § 367.660 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.660 - Lien on certain moneys pledged for bonds; terms of lien.

If moneys under ORS 367.605 are pledged for purposes of bonds by indenture under ORS 367.640, a lien is established upon the moneys. A lien established by this section is subject to all of the following: (1) The lien is a first lien and security interest and prior charge upon the pledged moneys except to the extent provided otherwise by the indenture. (2) The lien is valid and binding from the time the pledge is made. (3) The pledged moneys are immediately subject to the lien without physical delivery or further act. (4) The lien is valid and binding against all parties having claims on the money of any kind including claims under tort or contract. (5) The lien is valid and binding against all parties irrespective of whether the parties have notice of the lien. (6) No bond, indenture or any other instrument by which the pledge is made or the lien created must be recorded or filed except as provided by the indenture under ORS 367.640. [1985 c.551 §11; 2003 c.201 §30]
OR Rev Stat § 367.665 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.665 - Interest on bonds exempt from state income tax.

The interest upon all bonds issued under ORS 367.615 and upon all refunding and advance refunding bonds issued under ORS chapter 286A is exempt from personal income taxation imposed by this state under ORS chapter 316. [1985 c.551 §12; 2007 c.783 §172a]
OR Rev Stat § 367.700 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.700 - Authority to sell limited amount of bonds under ORS 367.700 to 367.750.

In addition to the authority now vested by any other provision of law state highway bonds of the State of Oregon used to provide funds for purposes of ORS 367.700 to 367.750 in the aggregate principal sum may not exceed $50 million. [1975 c.211 §1; 1981 c.660 §34]
OR Rev Stat § 367.705 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.705 - Use of funds; priority.

(1) The Department of Transportation shall make loans to cities and counties from funds available under ORS 367.700 to 367.750 for the purposes stated in section 3a, Article IX of the Oregon Constitution. (2) If funds available under ORS 367.700 to 367.750 are not sufficient to fund all projects for which funds are applied by cities and counties, the department shall give priority to projects in cities and counties having the highest rates of unemployment in this state. [1975 c.211 §2; 2003 c.201 §31]
OR Rev Stat § 367.710 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.710 - Repayment by city or county; interest.

(1) The Department of Transportation shall cause cities and counties that receive funds under ORS 367.705 to repay bond debt service by withholding from payments due to the city under ORS 366.785 to 366.820 or to the county under ORS 366.762 to 366.768. Funds withheld under this subsection remain in the State Highway Fund available for the purposes authorized by law. (2) The Department of Transportation shall fix the rate of interest to be charged on any advance made under ORS 367.705. [1975 c.211 §3; 2003 c.201 §32]
OR Rev Stat § 367.715 (2021)
2021 Oregon Revised Statutes|Volume : 10 - Highways, Military|Chapter 367 - Transportation Financing; Projects|Section 367.715 - Procedure for issuing bonds under ORS 367.700 to 367.750.

All bonds issued under ORS 367.700 to 367.750 must be issued in accordance with ORS chapter 286A. [1975 c.211 §4; 1981 c.660 §35; 2003 c.201 §33; 2007 c.783 §173]