{"data":{"id":"us-or/ors-391.605","jurisdiction":"us-or","citation":"ORS 391.605","heading":"Limitations on transfer to metropolitan service district.","body":"(1) No transfer authorized by ORS 267.020 of a mass transit district system to a metropolitan service district shall take effect while bonds issued by the Oregon Mass Transportation Financing Authority to finance mass transit facilities for the district are outstanding until a plan designed to repay any outstanding bonds when due is prepared by the governing body of the metropolitan service district and approved by:\n      (a) The chairperson of the Oregon Transportation Commission or the chairperson’s designee;\n      (b) The State Treasurer or State Treasurer’s designee; and\n      (c) The chairperson of the Oregon Investment Council or the chairperson’s designee.\n      (2) Persons given authority to approve a transfer under subsection (1) of this section may only refuse to approve a transfer for reasons relating to the financial effect of the transfer.","path":["10 - Highways, Military","31. Highways, Roads, Bridges and Ferries","Chapter 391 — Mass Transportation"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors391.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:14Z","sha256":"61834472e67d447f95c94c42874a9863af30da644027bac69897aee15c7843a8","source_id":"us-or","stale":false,"prev":"us-or/ors-391.600","next":"us-or/ors-391.610"},"notice":"GroundRules: Original legal text. Not legal advice."}