ORS 391.125
Regional Light Rail Extension Bond Account

  • purpose

(1)

The Regional Light Rail Extension Bond Account is created as a separate and distinct subaccount in the Regional Light Rail Extension Construction Fund. In each fiscal year in which any amounts of principal or interest are due and payable on any revenue bonds issued under ORS 391.140 (Revenue bonds for specified light rail project), the Director of Transportation shall cause to be transferred from the Regional Light Rail Extension Construction Fund to the Regional Light Rail Extension Bond Account an amount, which, when added to the moneys on deposit in the account that are available to be used for such purpose, shall be sufficient to pay when due all amounts of principal and interest coming due on such bonds in that fiscal year.

(2)

All moneys on deposit from time to time in the Regional Light Rail Extension Bond Account, together with all investment earnings thereon, shall be pledged and are continuously appropriated to the payment of the bonds issued under ORS 391.140 (Revenue bonds for specified light rail project). All investment earnings on moneys on deposit from time to time in the Regional Light Rail Extension Bond Account shall be retained in that account and applied to pay the principal of and interest on bonds issued under ORS 391.140 (Revenue bonds for specified light rail project). [1991 c.575 §3]

Source: Section 391.125 — Regional Light Rail Extension Bond Account; purpose, https://www.­oregonlegislature.­gov/bills_laws/ors/ors391.­html.

391.090
Legislative findings
391.110
Legislative findings
391.120
Regional Light Rail Extension Construction Fund
391.125
Regional Light Rail Extension Bond Account
391.130
Allocation of lottery moneys to Regional Light Rail Extension Construction Fund
391.140
Revenue bonds for specified light rail project
391.150
Joint management of specified light rail project
391.301
Ratification of compact
391.306
Columbia River Light Rail Transit Compact
391.311
Effect of compact on powers and privileges of mass transit districts in Oregon and Washington
391.500
Declaration of policy
391.510
Definitions for ORS 391.500 to 391.660
391.520
Financing authority created
391.530
Meetings
391.540
Bylaws
391.550
Powers of Mass Transportation Financing Authority
391.560
Lease terms for facility financed by bonds
391.570
Bonds
391.580
Pledges for bonds
391.590
Bonds not general obligation of state
391.600
Tax exempt status of income, property and bond interest
391.605
Limitations on transfer to metropolitan service district
391.610
Expenses of authority
391.620
Limitation on transfer of property rights
391.630
Investments of surplus moneys
391.640
Investment in authority’s bonds authorized
391.650
Severability of ORS 391.500 to 391.660
391.660
Short title
391.800
Elderly and Disabled Special Transportation Fund
391.802
Definition for ORS 391.800 to 391.830
391.810
Distribution of funds to districts, Indian tribes and counties
391.815
Discretionary grant account
391.820
Advisory committees
391.830
Use of funds to finance and improve transportation for elderly individuals and individuals with disabilities
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