Bill Text: OR SB260 | 2013 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the Multimodal Transportation Fund; and declaring an emergency.
Spectrum: Committee Bill
Status: (Passed) 2013-08-21 - Effective date, August 14, 2013. [SB260 Detail]
Download: Oregon-2013-SB260-Introduced.html
Bill Title: Relating to the Multimodal Transportation Fund; and declaring an emergency.
Spectrum: Committee Bill
Status: (Passed) 2013-08-21 - Effective date, August 14, 2013. [SB260 Detail]
Download: Oregon-2013-SB260-Introduced.html
77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session NOTE: Matter within { + braces and plus signs + } in an amended section is new. Matter within { - braces and minus signs - } is existing law to be omitted. New sections are within { + braces and plus signs + } . LC 2847 Senate Bill 260 Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with presession filing rules, indicating neither advocacy nor opposition on the part of the President (at the request of Senate Interim Committee on Business, Transportation and Economic Development) SUMMARY The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject to consideration by the Legislative Assembly. It is an editor's brief statement of the essential features of the measure as introduced. Authorizes issuance of lottery bonds for transportation projects funded from Multimodal Transportation Fund. Specifies allocation of lottery bond proceeds. Declares emergency, effective on passage. A BILL FOR AN ACT Relating to the Multimodal Transportation Fund; creating new provisions; amending ORS 367.086; and declaring an emergency. Be It Enacted by the People of the State of Oregon: SECTION 1. { + (1) For the biennium beginning July 1, 2013, at the request of the Oregon Department of Administrative Services, in consultation with the Department of Transportation, the State Treasurer is authorized to issue lottery bonds pursuant to ORS 286A.560 to 286A.585 in an amount not to exceed net proceeds of $___ million for the purpose described in subsection (2) of this section, plus an additional amount, to be estimated by the State Treasurer, for payment of bond-related costs. (2) Net proceeds of lottery bonds issued pursuant to this section must be deposited in the Multimodal Transportation Fund established under ORS 367.080 sufficient to provide $___ million in net proceeds and interest earnings for the Department of Transportation to finance grants and loans for transportation projects as provided in ORS 367.080 to 367.086. (3) Bond-related costs for the lottery bonds authorized by this section must be paid from the gross proceeds of the lottery bonds and from allocations for the purposes of ORS 286A.576 (1)(c). (4) The Legislative Assembly finds that issuing lottery bonds to finance transportation projects pursuant to this section is essential to promoting the state's economic development and the use of lottery bond proceeds is authorized based on the following findings: (a) There is an urgent need to improve and expand publicly owned and privately owned transportation infrastructure to support economic development in this state. (b) A safe, efficient and reliable transportation network supports the long-term economic development and livability of this state. (c) A multimodal network of air, rail, public transit, highway and marine transportation moves people and goods efficiently. (d) Local governments and private sector businesses often lack capital and the technical capacity to undertake multimodal transportation projects. (e) Public financial assistance can stimulate industrial growth and commercial enterprise and promote employment opportunities in this state. (f) Public investment in transportation infrastructure will create jobs and further economic development in this state. (g) The use of lottery bond proceeds as provided in this section will create jobs, further economic development, finance public education or protect parks, watersheds, fish or wildlife within Oregon, and issuance of lottery bonds for the purpose described in this section is therefore an appropriate use of state lottery funds under Article XV, section 4, of the Oregon Constitution, and ORS 461.510. + } SECTION 2. { + To the extent that proposed transportation projects meet the qualifications established by the Oregon Transportation Commission by rule, the commission shall allocate at least 10 percent of the net proceeds of the lottery bonds authorized by section 1 of this 2013 Act to each region described in this section. For purposes of this section, the regions are as follows: (1) Region one consists of Clackamas, Hood River, Multnomah and Washington Counties. (2) Region two consists of Benton, Clatsop, Columbia, Lane, Lincoln, Linn, Marion, Polk, Tillamook and Yamhill Counties. (3) Region three consists of Coos, Curry, Douglas, Jackson and Josephine Counties. (4) Region four consists of Crook, Deschutes, Gilliam, Jefferson, Klamath, Lake, Sherman, Wasco and Wheeler Counties. (5) Region five consists of Baker, Grant, Harney, Malheur, Morrow, Umatilla, Union and Wallowa Counties. + } SECTION 3. ORS 367.086 is amended to read: 367.086. { - (1) The Oregon Transportation Commission shall transfer moneys for aeronautic and airport transportation projects selected under ORS 367.084 from the Multimodal Transportation Fund to the Oregon Department of Aviation, which shall administer the projects. The amount transferred shall include moneys to pay administrative costs incurred by the Oregon Department of Aviation in carrying out the provisions of ORS 367.080 to 367.086. - } { + (1) The Department of Transportation, in cooperation with the Oregon Department of Aviation, shall administer aeronautic and airport transportation projects selected under ORS 367.084 for funding from the Multimodal Transportation Fund. The Oregon Department of Aviation may use moneys from the Multimodal Transportation Fund to pay administrative costs incurred by the Oregon Department of Aviation in carrying out the provisions of ORS 367.080 to 367.086. + } (2) Except as provided in subsection (1) of this section, the Department of Transportation shall administer all transportation projects that are selected under ORS 367.084. The Department { + of Transportation + } may use moneys from the Multimodal Transportation Fund to pay administrative costs incurred by the Department { + of Transportation + } in carrying out the provisions of ORS 367.080 to 367.086. SECTION 4. { + This 2013 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2013 Act takes effect on its passage. + } ----------