Section 367.163 - Purposes for which bonds may be issuedThe State Treasurer, at the request of the Department of Transportation, may issue grant anticipation revenue bonds for the purposes of:
(1) Financing highway improvement projects including highway improvement projects already under way or scheduled;(2) Financing the restoration, reconstruction or renovation of highway improvements in Oregon;(3) Financing transportation projects;(4) Paying the costs of issuance of the revenue bonds including, but not limited to, the costs and fees of paying agents, trustees and remarketing agents;(5) Paying the costs of credit enhancements; or(6) Financing the Interstate 5 bridge replacement project. Amended by 2013 Ch. 4,§ 17, eff. 3/12/2013.