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[(3)] (4) “Operating agreement” means an agreement for the operation or maintenance on behalf
of the Department of Transportation of all or part of a public transportation system, but does not
include agreements by which the department provides only financial or technical assistance or
transportation facilities or equipment and which do not control routes, rates or levels of service,
or agreements under which such control is exercised by the federal government through the de-
partment.
[(4)] (5) “Public transportation system” means any form of passenger transportation system,
whether or not for hire, including but not limited to air, rail, other fixed guideway, bus, jitney, taxi
and dial-a-ride passenger transportation systems within, between and outside of urban and urbanized
areas, and including related passenger terminal facilities and motor vehicle parking facilities.
[(5)] (6) “Person” means the United States or any state or any department or agency of any of
the above, or any nonprofit corporation or entity or any other individual, corporation or entity, ei-
ther public or private.
[(6) “Bus” means a motor vehicle designed for carrying 15 or more passengers, exclusive of the
driver, and used for the transportation of persons. ]
(7) “Public transportation entity” includes a city, county, transportation district, mass transit
district, metropolitan service district, Indian tribe [ as defined in ORS 391.802 ] or private nonprofit
corporation operating a public transportation system.
SECTION 15. ORS 293.701 is amended to read:
293.701. As used in ORS 293.701 to 293.857, unless the context requires otherwise:
(1) “Council” means the Oregon Investment Council.
(2) “Investment funds” means:
(a) Public Employees Retirement Fund referred to in ORS 238.660;
(b) Industrial Accident Fund referred to in ORS 656.632;
(c) Consumer and Business Services Fund referred to in ORS 705.145;
(d) Employment Department Special Administrative Fund referred to in ORS 657.822;
(e) Insurance Fund referred to in ORS 278.425;
(f) Funds under the control and administration of the Department of State Lands;
(g) Oregon Student Assistance Fund referred to in ORS 348.570;
(h) Moneys made available to the Commission for the Blind under ORS 346.270 and 346.569 or
rules adopted thereunder;
(i) Forest Development Revenue Bond Fund referred to in ORS 530.147 and State Forestry
General Obligation Bond Fund referred to in ORS 530.280;
(j) Oregon War Veterans’ Fund referred to in ORS 407.495;
(k) Oregon War Veterans’ Bond Sinking Account referred to in ORS 407.515;
(L) World War II Veterans’ Compensation Fund;
(m) World War II Veterans’ Bond Sinking Fund;
(n) Funds in the hands of the State Treasurer that are not required to meet current demands
and that are invested in the Oregon Short Term Fund established under ORS 293.728 or in another
commingled investment vehicle;
(o) State funds that are not subject to the control and administration of officers or bodies spe-
cifically designated by law;
(p) Funds derived from the sale of state bonds;
(q) Social Security Revolving Account referred to in ORS 237.490;
(r) Public University Fund established by ORS 352.450;
(s) Local Government Employer Benefit Trust Fund referred to in ORS 657.513;
[(t) Elderly and Disabled Special Transportation Fund established by ORS 391.800; ]
[(u)] (t) Education Stability Fund established by ORS 348.696;
[(v)] (u) Deferred Compensation Fund established under ORS 243.411;
[(w)] (v) Trust for Cultural Development Account established under ORS 359.405; and
[(x)] (w) The State Library Donation Fund and the Talking Book and Braille Library Endowment
Fund subaccount established under ORS 357.195.
Enrolled Senate Bill 1601 (SB 1601-A) Page 9
Cite this record
Oregon Legislative Assembly. SB 1601 (2020 first special session), enrolled, PDF p. 9. Retrieved 2026-09-27. https://olis.oregonlegislature.gov/liz/2020S1/Downloads/MeasureDocument/SB1601/Enrolled#page=9. Preserved SHA-256: 2b6ed2ba08b029b011e1fe4eee10a210b4668a2f00fc6c2aa592b76e5db2eb74. Atlas edition: institutional-studies-2026-09-27-stif-v2.