ORS 391.605¹
Limitations on transfer to metropolitan service district

(1) No transfer authorized by ORS 267.020 (Transfer of transit system to metropolitan service district) of a mass transit district system to a metropolitan service district shall take effect while bonds issued by the Oregon Mass Transportation Financing Authority to finance mass transit facilities for the district are outstanding until a plan designed to repay any outstanding bonds when due is prepared by the governing body of the metropolitan service district and approved by:

(a) The chairperson of the Oregon Transportation Commission or the chairperson’s designee;

(b) The State Treasurer or State Treasurer’s designee; and

(c) The chairperson of the Oregon Investment Council or the chairperson’s designee.

(2) Persons given authority to approve a transfer under subsection (1) of this section may only refuse to approve a transfer for reasons relating to the financial effect of the transfer. [1983 c.306 §3]

Notes of Decisions

Supreme Court lacked jurisdic­tion to determine constitu­tionality of Oregon Mass Transporta­tion Financing Act where peti­tion, which alleged that Mass Transporta­tion Financing Authority was unable or unwilling to proceed with statutory program in absence of clear declara­tion that Act was constitu­tional, disclosed no constitu­tional controversy invoking either judicial authority of court under Const. Art. VII § 1 or original jurisdic­tion under this Act. In re Oregon Mass Transp. Fin. Auth., 284 Or 241, 586 P2d 784 (1978)

1 Legislative Counsel Committee, CHAPTER 391—Mass Transportation, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors391.­pdf (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 391, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­391ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
 
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