The State Treasurer, at the request of the Department of Transportation, may issue grant anticipation revenue bonds for the purposes of:

(1) Financing highway improvement projects including highway improvement projects already under way or scheduled;

(2) Financing the restoration, reconstruction or renovation of highway improvements in Oregon;

(3) Financing transportation projects;

(4) Paying the costs of issuance of the revenue bonds including, but not limited to, the costs and fees of paying agents, trustees and remarketing agents;

(5) Paying the costs of credit enhancements; or

(6) Financing the Interstate 5 bridge replacement project. [2003 c.201 § 3; 2013 c.4 § 17]

[Formerly 366.745; repealed by 1981 c.660 § 18]