(1) Notwithstanding ORS § 367.020, the Department of Transportation may use moneys in the Oregon Transportation Infrastructure Fund established by ORS § 367.015 to ensure the repayment of loan guarantees or extensions of credit made to or on behalf of private entities engaged in the planning, acquisition, financing, development, design, construction, reconstruction, replacement, improvement, maintenance, management, repair, leasing or operation of any transportation project that is part of the program established under ORS § 367.804.

Terms Used In Oregon Statutes 367.816

  • Infrastructure fund: means the Oregon Transportation Infrastructure Fund. See Oregon Statutes 367.010
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Transportation project: means any project or undertaking that facilitates any mode of transportation within this state. See Oregon Statutes 367.010

(2) The lien of a pledge made under this section is subordinate to the lien of a pledge securing bonds payable from moneys in the State Highway Fund described in ORS § 366.505, the Toll Program Fund established by ORS § 383.009 or the State Transportation Enterprise Fund established by ORS § 367.810. [2003 c.790 § 9; 2021 c.630 § 159]

 

See note under 367.800.

 

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