Repayment by city or county
- • interest
(1) The Department of Transportation shall cause cities and counties that receive funds under ORS 367.705 (Use of funds) to repay bond debt service by withholding from payments due to the city under ORS 366.785 (Definitions for ORS 366.785 to 366.820) to 366.820 (Limit to application of ORS 366.785 to 366.815) or to the county under ORS 366.762 (Appropriation from highway fund for counties) to 366.768 (Advances from highway fund to county). Funds withheld under this subsection remain in the State Highway Fund available for the purposes authorized by law.
(2) The Department of Transportation shall fix the rate of interest to be charged on any advance made under ORS 367.705 (Use of funds). [1975 c.211 §3; 2003 c.201 §32]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information