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Code · Oregon · ORS Chapter 367 · Transportation Financing; Projects

367.097 Debt service

65 words·~1 min read·/or/ors-chapter-367/transportation-financing-projects/367-097·

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367.097 Debt service.
(1)Notwithstanding ORS 367.095 (4), the Department of Transportation may use amounts available under ORS 367.095 to secure and pay bond debt service on Highway User Tax Bonds under ORS 367.615.
(2)Any amounts remaining after the payment of debt service shall be used as described in ORS 367.095 (4). [2017 c.750 §71h; 2019 c.491 §15]
Note: See second note under 367.095.
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