Or. Admin. R. 660-012-0115

Current through Register Vol. 63, No. 6, June 1, 2024

Section 660-012-0115 - Funding Projections

(1) Cities and counties must include funding projections in the transportation system plan. Funding projections must include the list of funding sources and amount of funding available, as provided in this rule.

(2) The required list of funding sources must include all funding sources that the city or county expects to use over the planning period to operate, maintain, or construct the transportation system. These sources include, but are not limited to:

(a) Local, regional, state, and federal funding sources; and

(b) Sources expected from any transportation facility or service operator within the planning area.

(3) The list of funding sources shall include, for each source of funding identified:

(a) The expected funding over the remainder of the planning period;

(b) The purpose of the source of funding and any key limitations on the use of the funding; and

(c) Reasons that the funding source is expected to be available during the planning period. These reasons may include, but are not limited to, that the funding is provided by:

(A) Transportation facility pricing revenues, including parking revenues;

(B) Tax or bond revenues;

(C) Fees, charges, or other local revenues;

(D) Grants given using a formula or other regular disbursement;

(E) Regional funds from a Metropolitan Planning Organization; or

(F) A source that previously provided funds to the city or county and can reasonably expected to provide more in the future.

(4) The city or county shall use the list of funding sources to determine the amount of funding expected to be available to develop transportation projects over the planning period. Funding to maintain and operate the transportation system, or used for purposes other than development of transportation projects, shall be excluded. The transportation system plan shall clearly describe the amounts that are included and excluded.

Or. Admin. R. 660-012-0115

LCDD 2-2022, temporary adopt filed 06/01/2022, effective 6/1/2022 through 11/27/2022; LCDD 3-2022, adopt filed 08/17/2022, effective 8/17/2022

Statutory/Other Authority: ORS 197.040

Statutes/Other Implemented: ORS 197.012 & ORS 197.712