ORS 391.610¹
Expenses of authority
  • borrowed funds

All expenses of the Oregon Mass Transportation Financing Authority incurred in carrying out the provisions of ORS 267.227 (Relationship with Oregon Mass Transportation Financing Authority) and 391.500 (Declaration of policy) to 391.660 (Short title) shall be payable solely from funds provided under the authority of ORS 267.227 (Relationship with Oregon Mass Transportation Financing Authority) and 391.500 (Declaration of policy) to 391.660 (Short title). For the purposes of meeting the necessary expenses of initial organization and operation until such date as the authority derives moneys from funds provided hereunder, the authority shall be empowered to borrow moneys from districts, and districts are empowered to lend money to the authority as may be required and agreed for such necessary expenses of organization and operation. Expenses incurred by the authority in connection with any application by a district for financial assistance under ORS 267.227 (Relationship with Oregon Mass Transportation Financing Authority) and 391.500 (Declaration of policy) to 391.660 (Short title) may be paid from the proceeds of bonds issued by the authority. [1977 c.662 §13; 2007 c.531 §18]

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