Oregon Lawmakers Set to OK $1.6 Billion in Debt for Bridges

Finestone, Deborah
May 2003
Bond Buyer;5/30/2003, Vol. 344 Issue 31646, p64
Trade Publication
Oregon lawmakers are confident to approve 1.6 billion dollars in revenue bonds to repair and replace bridges in the state. Officials, who have talked for months about the need for repairs, have negotiated the package of bills, which would raise various vehicle fees to secure the debt. While details on some aspects of the package other than financing may be altered, the plan has strong support from lawmakers and most interested parties and could be approved in the next two weeks as of May 30, 2003, according to Dave Tyler, chief financial officer of the Oregon Department of Transportation. To pay for the program, lawmakers intend to increase vehicle registration fees, which are due every two years, to 54 dollars from 30 dollars.


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