2011 Oregon Revised Statutes
ORS Volume 10, Chapters 366 - 430
ORS Chapter 367
367.080 Multimodal Transportation Fund.
(1) As used in ORS 367.080 to 367.086, transportation project has the meaning given that term in ORS 367.010.
(2) The Multimodal Transportation Fund is established separate and distinct from the General Fund. Earnings on moneys in the Multimodal Transportation Fund shall be deposited into the fund. Moneys in the Multimodal Transportation Fund are continuously appropriated to the Department of Transportation for the purposes described in subsection (3) of this section and in ORS 367.086.
(3) The department shall use moneys in the Multimodal Transportation Fund to provide grants and loans for transportation projects as provided in ORS 367.080 to 367.086. Grants and loans may be provided only for projects that involve one or more of the following modes of transportation:
(a) Air;
(b) Marine;
(c) Rail; and
(d) Public transit.
(4) All moneys received by the department as interest on loans made under this section and as repayment of principal of loans made under this section shall be deposited into the Multimodal Transportation Fund. [2005 c.816 1]
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