The Oregon Department of Transportation manages multiple bond programs for the State of Oregon, including the Oregon Transportation Investment Act program, the Jobs and Transportation Act program and the lottery-funded ConnectOregon program. Other programs include COP and Article XI-Q GO bond financed facilities projects, and State Highway GO bonds. The Oregon Department of Transportation's bond programs are generally repaid by either the State Highway Fund – as with Oregon Transportation Investment Act, the Jobs and Transportation Act and most facility bonds – or by Lottery funds.
State Highway Revenue funded programs include:
Oregon Transportation Investment Act
From 2001 through 2002, the Oregon Legislature approved $500 million in direct revenue bonds for Oregon Transportation Investment Act I and Oregon Transportation Investment Act II modernization and preservation projects.
In 2003, the Oregon Legislature approved an additional $1.9 billion in direct revenue bonds for Oregon Transportation Investment Act III to repair or replace state and local bridges, and for modernization projects
Jobs and Transportation Act
In 2009, the Oregon Legislature enacted the Jobs and Transportation Act, which among other things, authorized the Oregon Department of Transportation to issue $840 million in direct revenue bonds to finance a specific list of 51 projects set out in the Jobs and Transportation Act.
Highway User Tax Revenue Bond Ratings
State of Oregon General Obligation Bond Ratings
Standard and Poor's: AAA
Department of Administrative Services
For additional information about any of ODOT's bonding programs, please contact: