ORS 367.163: Purposes for which bonds may be issued.

The State Treasurer, at the request of the Department of Transportation, may issue grant anticipation revenue bonds for the purposes of: (1) Financing highway improvement projects including highway improvement projects already under way or scheduled; (2) Financing the restoration, reconstruction or renovation of highway improvements in Oregon; (3) Financing transportation projects; (4) Paying the costs of issuance of the revenue bonds including, but not limited to, the costs and fees of paying agents, trustees and remarketing agents; (5) Paying the costs of credit enhancements; or (6) Financing the Interstate 5 bridge replacement project. [2003 c.201 §3; 2013 c.4 §17]