Bill Text: OR SB260 | 2013 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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

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     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. + }
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