ORS 367.555: Authority to issue general obligation bonds.

(1) The Department of Transportation may request the State Treasurer to issue general obligation bonds of the State of Oregon used to provide funds to defray the costs of building and maintaining permanent roads, including the costs of location, relocation, improvement, construction and reconstruction of state highways and bridges and those portions of a tollway project, as defined in ORS 383.003, that constitute building or maintaining permanent roads.

      (2) The principal amount of any bonds issued under this section is subject to the provisions of ORS 286A.035.