The principal, interest, premium, if any, and the purchase or tender price of the grant anticipation revenue bonds issued under ORS § 367.161 to 367.181 are payable solely from the following moneys:

(1) Federal transportation funds.

(2) To the extent affirmatively pledged at the time issuance of revenue bonds is authorized, the following moneys that are lawfully available:

(a) Moneys deposited in the State Highway Fund established under ORS § 366.505.

(b) Except as provided in paragraph (c) of this subsection, moneys, once deposited in the State Highway Fund established under ORS § 366.505, from the following sources may be affirmatively pledged:

(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 or moneys received by the department from sources not listed in subparagraphs (A) to (G) of this paragraph that are lawfully available to be pledged under this section.

(c) Moneys described in paragraph (b) of this subsection 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. [2003 c.201 § 7; 2014 c.13 § 8]

[Formerly 366.755; 1975 c.462 § 5; repealed by 1981 c.660 § 18]