(1) The Legislative Assembly of the State of Oregon finds and declares that:

(a) It is in the public interest to provide methods of financing the costs of mass transit facilities; and

(b) The method of financing provided in ORS § 267.227 and 391.500 to 391.660 is in the public interest and serves a public purpose.

(2) The purpose of ORS § 267.227 and 391.500 to 391.660 is to create an authority to provide financial assistance to mass transit districts.

(3) ORS § 267.227 and 391.500 to 391.660 shall be liberally construed. [1977 c.662 § 2]