ORS 383.002: Interstate 5 bridge replacement project; description.

(1) The Legislative Assembly finds that it is in the interests of this state to undertake the Interstate 5 bridge replacement project. (2) The Interstate 5 bridge replacement project is a bistate, multimodal corridor improvement project between the Washington State Route 500 interchange with Interstate 5 in Vancouver, Washington, and the Columbia Slough, south of the Victory Boulevard interchange with Interstate 5 in Portland, Oregon. The project includes: (a) New multimodal river crossings; (b) Replacement, modification and removal of the existing Interstate 5 bridges; (c) Improvements to existing interchanges; and (d) Multimodal improvements to facilitate travel in the bistate corridor. (3) The Oregon Transportation Commission may enter into agreements with the State of Washington, or the State of Washington’s designee, relating to the Interstate 5 bridge replacement project. (4) The portion of toll revenues accruing to the State of Oregon from the Interstate 5 bridge replacement project may be used only for the purposes described in Article IX, section 3a, of the Oregon Constitution. (5) Subject to approval by the State Treasurer, the portion of toll revenues accruing to the State of Oregon from the Interstate 5 bridge replacement project is not subject to ORS 295.001 to 295.108 while fully collateralized pursuant to an agreement with the State of Washington regarding collection, retention and disbursement of toll revenues on behalf of the State of Oregon. [2013 c.4 §2; 2025 c.255 §2]