Statutes, codes, and regulations
Oregon Revised Statutes
Title 31 - HIGHWAYS, ROADS, BRIDGES AND FERRIESChapter 366 - STATE HIGHWAYS AND STATE HIGHWAY FUNDALLOCATIONS TO COUNTIES AND CITIES
GENERALLY
Section 366.742 - Repayment of specified bonds; allocation of moneys not needed for repayment

ORS § 366.742

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Current through 2024 Regular Session legislation
Section 366.742 - Repayment of specified bonds; allocation of moneys not needed for repayment

Each biennium, any portion of the $71.2 million referred to in ORS 366.739 that remains after deducting an amount equal to total debt service payments payable on outstanding Highway User Tax Bonds described in ORS 367.620 (2) shall be allocated 50 percent to the Department of Transportation, 30 percent to counties and 20 percent to cities. Moneys allocated to counties and cities under this section shall be distributed in the same manner as moneys allocated under ORS 366.739 are distributed.

ORS 366.742

Formerly 366.543

366.742 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 366 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.