Extracted source text, not Atlas analysis. Native PDF text, pypdf; NFKC normalization. Charts and image-only text may be absent; verify against the linked original. Extraction does not imply page-by-page substantive review. PDF page numbers count from the first page of the file and may differ from printed page numbers.
(d) Extend Brooks rail
siding................................... $ 2.6 million
(3) No later than January 1, 2020, to receive a distribution under this section, a potential
recipient of moneys shall prepare and submit a plan to the Oregon Transportation Commis-
sion. At a minimum, the plan submitted must certify when and how the potential recipient
plans to spend the moneys for the project with no more than five percent of the allocated
funds to be available to recipients for development of the plan. The commission shall
promptly review any submitted plans and if the commission approves the plan, the Depart-
ment of Transportation shall distribute the moneys after adopting an agreement with the
recipient. The agreement shall follow rules adopted by the commission for projects that re-
ceive grants from the Connect Oregon Fund.
(4) After the distributions, if any, are made under this section, the remainder of the
moneys in the Connect Oregon Fund shall be distributed as described in ORS 367.080 to
367.086.
NOTE:
Section 71g was deleted by amendment. Subsequent sections were not renumbered.
SECTION 71h. (1) Notwithstanding section 71a (4) of this 2017 Act, the Department of
Transportation may use amounts available under section 71a of this 2017 Act to pay debt
service for the purposes described in 367.620 (3)(d).
(2) Any amounts remaining after the payment of debt service shall be used as described
in section 71a (4) of this 2017 Act.
SECTION 71i. ORS 367.620 is amended to read:
367.620. (1) The principal amount of Highway User Tax Bonds issued under ORS 367.615 shall
be subject to the provisions of ORS 286A.035.
(2) Highway User Tax Bonds may be issued under ORS 367.615 for the purposes described in
ORS 367.622 in an aggregate principal amount sufficient to produce net proceeds of not more than
$500 million.
(3)(a) Highway User Tax Bonds may be issued under ORS 367.615 for bridge purposes described
in section 10 (1), chapter 618, Oregon Laws 2003, in an aggregate principal amount sufficient to
produce net proceeds of not more than $1.6 billion.
(b) Highway User Tax Bonds may be issued under ORS 367.615 for modernization purposes de-
scribed in sections 10 (2) and 11, chapter 618, Oregon Laws 2003, in an aggregate principal amount
sufficient to produce net proceeds of not more than $300 million.
(c) Highway User Tax Bonds may be issued under ORS 367.615 for the purposes described sec-
tion 64, chapter 865, Oregon Laws 2009, in an aggregate principal amount sufficient to produce net
proceeds of not more than $840 million. The proceeds from bonds issued as described in this para-
graph that are not required for the purposes described in section 64, chapter 865, Oregon Laws 2009,
shall be allocated to transportation projects, as defined in ORS 367.010, that are approved by the
Legislative Assembly by law.
(d) Highway User Tax Bonds may be issued under ORS 367.615 for purposes described in
section 71d of this 2017 Act in an aggregate principal amount sufficient to produce net pro-
ceeds of not more than $480 million.
[(d)] (e) The Department of Transportation, with the approval of the State Treasurer, may des-
ignate the extent to which a series of bonds authorized under this subsection is secured and payable
on a parity of lien or on a subordinate basis to existing or future Highway User Tax Bonds.
SECTION 71j.
The amendments to ORS 367.620 by section 71i of this 2017 Act do not im-
pair the interest of the holders of Highway User Tax Bonds that are outstanding on the ef-
fective date of this 2017 Act or any obligations of the agreements of the Department of
Transportation under its Amended and Restated Master Highway User Tax Revenue Bond
Declaration dated June 1, 2006, as amended and supplemented.
Enrolled House Bill 2017 (HB 2017-A) Page 80
Cite this record
Oregon Legislative Assembly. HB 2017 (2017), enrolled text, PDF p. 80. Retrieved 2026-09-04. https://olis.oregonlegislature.gov/liz/2017R1/Downloads/MeasureDocument/HB2017/Enrolled#page=80. Preserved SHA-256: 5ab76901b63ba88f2742eab37f5e9ddd922a3ffd53e76165eec6dd08f4f9282a. Atlas edition: institutional-studies-2026-09-27-stif-v2.