73rd OREGON LEGISLATIVE ASSEMBLY--2005 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 2056
 
                           A-Engrossed
 
                         House Bill 3415
                   Ordered by the House May 13
             Including House Amendments dated May 13
 
Sponsored by Representatives HUNT, GILMAN; Representatives BRUUN,
  BURLEY, FLORES, NELSON, SCHAUFLER, THATCHER
 
 
                             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.
 
  Requires that bond proceeds earmarked but not spent by
Department of Transportation for replacement or repair of bridges
instead be spent on highway projects of statewide
significance { +  and freight projects + }.
 
                        A BILL FOR AN ACT
Relating to proceeds of certain bonds.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + (1) If the Department of Transportation does
not need the total $1.3 billion in bond proceeds authorized by
section 10 (1), chapter 618, Oregon Laws 2003, for replacement
and repair of the bridges described in subsection (2) of this
section, the department shall use the proceeds not needed for the
bridges as follows:
  (a) Seventy-five percent for highway projects of statewide
significance that are on the list adopted by the Oregon
Transportation Commission in May 2002; and
  (b) Twenty-five percent for freight projects that the Freight
Advisory Committee considered under section 11 (1)(a), chapter
618, Oregon Laws 2003.
  (2) The bridges for which the bond proceeds described in
subsection (1) of this section may be used are those bridges
identified on the document issued by the Department of
Transportation titled 'Oregon Transportation Investment Act,
State Bridge Projects, Summary of Progress on Bridges in Stages
1-5,' and dated January 2005. + }
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