ORS 777.282¹
Channel Deepening Account
  • Channel Deepening Debt Service Account
  • payments to primary sponsor

(1) The Channel Deepening Account is hereby created in the Marine Navigation Improvement Fund.

(2) Any earnings on amounts in the Channel Deepening Account shall be credited to the Channel Deepening Account. All moneys on deposit from time to time in the Channel Deepening Account, including investment earnings thereon, shall be allocated and are hereby appropriated continuously to the Economic and Community Development Department, and shall be transferred by the department to the primary sponsor pursuant to and upon the terms and conditions set forth in the grant agreement entered into under ORS 777.284 (Grant agreement with primary sponsor) to pay the Oregon nonfederal share.

(3) Notwithstanding directions for transfer of moneys to the primary sponsor in subsection (2) of this section and the grant agreement entered into under ORS 777.284 (Grant agreement with primary sponsor) prior to August 29, 2003, the Economic and Community Development Department shall transfer moneys in the Channel Deepening Account on August 29, 2003, to the Channel Deepening Debt Service Account for payment of bond-related costs for lottery bonds issued under ORS 285B.551 (Issuance of additional lottery bonds) (5) and section 12, chapter 741, Oregon Laws 2003, and for lottery bonds issued for channel deepening under ORS 285B.551 (Issuance of additional lottery bonds) (3) and section 6, chapter 942, Oregon Laws 2001.

(4) The Channel Deepening Debt Service Account is hereby created in the Marine Navigation Improvement Fund.

(5) Any earnings on amounts in the Channel Deepening Debt Service Account must be credited to the Channel Deepening Debt Service Account. All moneys on deposit from time to time in the Channel Deepening Debt Service Account, including investment earnings thereon, and all amounts required by this section to be deposited in the Channel Deepening Debt Service Account, shall be allocated and are hereby appropriated continuously to the Economic and Community Development Department for payment of bond-related costs for lottery bonds issued under ORS 285B.551 (Issuance of additional lottery bonds) (5) and section 12, chapter 741, Oregon Laws 2003, and for lottery bonds issued for channel deepening under ORS 285B.551 (Issuance of additional lottery bonds) (3) and section 6, chapter 942, Oregon Laws 2001.

(6) The restrictions on the use of moneys in the Marine Navigation Improvement Fund set forth in ORS 777.267 (Marine Navigation Improvement Fund) do not apply to moneys in the Channel Deepening Account or the Channel Deepening Debt Service Account. [1997 c.644 §3; 2001 c.942 §9; 2003 c.741 §15]

Note: See note under 777.277 (Definitions for ORS 777.277 to 777.287).

Law Review Cita­tions

51 OLR 53 (1971)

Chapter 777

Notes of Decisions

Port district's power to formulate rules and regula­tions to prevent estuary and stream pollu­tion within its boundaries did not give it standing to object to power supply contract between Bonneville Power Administra­tion and proposed aluminum plant. Port of Astoria v. Hodel, 595 F2d 467 (1979)

1 Legislative Counsel Committee, CHAPTER 777—Ports Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors777.­pdf (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 777, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­777ano.­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