Chapter 570 Oregon Laws 2001

AN ACT

HB 3550

Relating to state navigation improvement projects; amending ORS 777.267.

Be It Enacted by the People of the State of Oregon:

SECTION 1. ORS 777.267 is amended to read:

777.267. (1) There is established in the State Treasury the Marine Navigation Improvement Fund. The moneys in the fund are continuously appropriated to the Economic and Community Development Department for the [purpose] purposes of:

(a) Paying a portion of the costs of dredging activities that are carried out in the harbors and channels on the Oregon coast and along the Columbia River when federal law or regulation requires a portion of the costs of such dredging to be paid by nonfederal interests; and

(b) Paying the study and construction costs of other new navigation improvement projects that directly support a federally authorized navigation improvement project.

(2) The Marine Navigation Improvement Fund established by this section shall consist of such moneys as may be appropriated to the fund by the Legislative Assembly, including interest on such moneys.

(3) Eligibility for assistance from the Marine Navigation Improvement Fund shall be limited to and funded, subject to the availability of funds, in the following order of priority:

(a) Federally authorized studies and construction of new navigation improvement projects.

(b) Other new navigation improvement projects if the projects directly support or provide access to a federally authorized navigation improvement project or a federally authorized navigation channel.

(4) Financial assistance for [such] construction costs under subsection (3)(a) of this section shall be limited to those projects that have completed all federally required studies and have confirmed positive cost-benefit ratios as required by the National Economic Development Plan.

(5) Financial assistance for construction costs under subsection (3)(b) of this section is limited to projects sponsored by a port, as defined in ORS 777.005 or 778.005, that meet criteria developed by the department.

(6) Financial assistance for studies of other new construction projects under subsection (1)(b) of this section is limited to projects that meet criteria developed by the department.

Approved by the Governor June 22, 2001

Filed in the office of Secretary of State June 25, 2001

Effective date January 1, 2002

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