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Senate approves legislation to enable toll-backed financing for Interstate Bridge replacement
Summary
The Oregon Senate on May 20 passed House Bill 2931 to update state law so Oregon can participate in financing and administering the Interstate Bridge Replacement Project with toll-backed bonds; the measure drew debate over tolling, cost and regional responsibility but was approved on final passage.
The Oregon Senate approved House Bill 2931 on May 20, clearing statutory changes to allow Oregon to participate in financing and administering the Interstate Bridge Replacement Project between Portland and Vancouver.
Senator Tim Gorsuch, speaking in favor of the bill, said the measure updates outdated statutory language and “if HB 2,931 does not pass, we risk, delay, disorder, and distrust,” arguing the changes are needed to protect Oregon’s public investment and keep the project on schedule.
The bill’s supporters said…
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