74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
Enrolled
House Bill 2278
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
Presession filed (at the request of Governor Theodore R.
Kulongoski for Department of Transportation)
CHAPTER ................
AN ACT
Relating to financing for transportation projects; creating new
provisions; amending ORS 367.084; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + (1) Pursuant to ORS 286.560 to 286.580, for the
biennium beginning July 1, 2007, the State Treasurer may issue
lottery bonds to finance grants and loans for transportation
projects as provided in ORS 367.080 to 367.086.
(2) The use of lottery bond proceeds pursuant to this section
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. A multimodal network of air, rail, public transit,
highway and marine transportation moves people and goods
efficiently.
(c) Local governments and private sector businesses often lack
capital and the technical capacity to undertake multimodal
transportation projects.
(d) Public financial assistance can stimulate industrial growth
and commercial enterprise and promote employment opportunities in
this state.
(e) Public investment in transportation infrastructure will
create jobs and further economic development in this state.
(3) The aggregate principal amount of lottery bonds issued
pursuant to this section may not exceed the sum of $100 million
plus an additional amount established by the State Treasurer to
pay bond-related costs. The State Treasurer may issue lottery
bonds pursuant to this section only at the request of the
Director of Transportation.
(4) The net proceeds of the lottery bonds issued pursuant to
this section shall be deposited in the Multimodal Transportation
Fund established by ORS 367.080. + }
SECTION 2. { + (1) 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 2007 Act to each region described
Enrolled House Bill 2278 (HB 2278-B) Page 1
in this section. For purposes of this section, the regions are as
follows:
(a) Region one consists of Clackamas, Columbia, Hood River,
Multnomah and Washington Counties.
(b) Region two consists of Benton, Clatsop, Lane, Lincoln,
Linn, Marion, Polk, Tillamook and Yamhill Counties.
(c) Region three consists of Coos, Curry, Douglas, Jackson and
Josephine Counties.
(d) Region four consists of Crook, Deschutes, Gilliam,
Jefferson, Klamath, Lake, Sherman, Wasco and Wheeler Counties.
(e) Region five consists of Baker, Grant, Harney, Malheur,
Morrow, Umatilla, Union and Wallowa Counties.
(2) In addition to any other fees or payments required for
grants or loans from the Multimodal Transportation Fund, between
July 1, 2007, and July 1, 2013, each recipient of moneys from the
fund shall pay two percent of the recipient's total project costs
to the Department of Transportation. The department shall use the
funds received under this subsection to conduct a statewide
multimodal study of the transportation system. The study shall
include an assessment of the infrastructure, capacity demand and
constraints, development of criteria for strategic investments
and return on investment and identification of potential funding
sources and strategies. The department may not use the funds
received under this subsection for any components of the study if
the department has other available and eligible funds. + }
SECTION 3. ORS 367.084 is amended to read:
367.084. (1) The Oregon Transportation Commission shall select
transportation projects to be funded with moneys in the
Multimodal Transportation Fund established by ORS 367.080.
(2)(a) Prior to selecting aeronautic and airport transportation
projects, the commission shall solicit recommendations from the
State Aviation Board.
(b) Prior to selecting freight transportation projects, the
commission shall solicit recommendations from the Freight
Advisory Committee.
(c) Prior to selecting public transit and rail projects, the
commission shall solicit recommendations from its public transit
and rail advisory committees.
{ + (d) Prior to selecting marine projects, the commission
shall solicit recommendations from the Economic and Community
Development Department. + }
(3) In selecting transportation projects the commission shall
consider:
(a) Whether a proposed transportation project reduces
transportation costs for Oregon businesses { + or improves
access to jobs and sources of labor + };
{ - (b) Whether a proposed transportation project benefits or
connects two or more modes of transportation; - }
{ + (b) Whether a proposed transportation project results in
an economic benefit to this state; + }
(c) Whether a proposed transportation project is a critical
link { - in a statewide or regional - } { + connecting
elements of Oregon's + } transportation system that will
measurably improve utilization and efficiency of the system;
(d) How much of the cost of a proposed transportation project
can be borne by the applicant for the grant or loan { + from any
source other than the Multimodal Transportation Fund + }; { +
and + }
{ - (e) Whether a proposed transportation project creates
construction and permanent jobs in this state; and - }
Enrolled House Bill 2278 (HB 2278-B) Page 2
{ - (f) - } { + (e) + } Whether a proposed transportation
project is ready for construction.
SECTION 4. { + This 2007 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2007 Act takes effect July 1,
2007. + }
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Passed by House June 13, 2007
...........................................................
Chief Clerk of House
...........................................................
Speaker of House
Passed by Senate June 19, 2007
...........................................................
President of Senate
Enrolled House Bill 2278 (HB 2278-B) Page 3
Received by Governor:
......M.,............., 2007
Approved:
......M.,............., 2007
...........................................................
Governor
Filed in Office of Secretary of State:
......M.,............., 2007
...........................................................
Secretary of State
Enrolled House Bill 2278 (HB 2278-B) Page 4