Oregon · statute · Or. Rev. Stat. ch. 285B · 181 active provisions
As used in ORS 285B.003 to 285B.030: (1) “Administrative costs” includes, but is not limited to, the direct and indirect costs incurred by the Oregon Business Development Department for: (a) Investigating and processing applications submitted under ORS 285B.018; (b) Negotiating agreements for the purposes of ORS 285B.0…
(1)(a) The Oregon Business Development Department may provide financial assistance to a project sponsor, for allowable costs expended for an industrial land development project, from moneys in the Industrial Lands Loan Fund established under ORS 285B.030, in accordance with this section. (b) The financial assistance to…
(1)(a) The Oregon Business Development Department may make a forgivable loan to a project sponsor, for allowable costs related to a planning project, from moneys in the Industrial Lands Loan Fund established under ORS 285B.030, in accordance with this section. (b) The department shall determine the amount of a forgivab…
(1) The Oregon Business Development Department may directly or indirectly expend or loan moneys in the Industrial Lands Loan Fund established under ORS 285B.030 or extend credit to: (a) Provide to project sponsors of an eligible project related to industrial land any allowable form of financial assistance that the depa…
For purposes of ORS 285B.003 to 285B.030: (1) The allowable costs of a development project include: (a) Property acquisition and assembly costs associated with creating large development parcels, including any easement or right of way directly related to and necessary for a development project. (b) Transportation impro…
(1)(a) A project sponsor seeking financial assistance from the Industrial Lands Loan Fund must submit an application in the manner and form required by the Oregon Business Development Department. (b) At a minimum, each application must include: (A) The name and nature of the project sponsor; (B) A description of the na…
(1) Upon approval of an application submitted under ORS 285B.018, the Oregon Business Development Department, notwithstanding any other provision of law or any restriction on indebtedness contained in a charter, and the project sponsor of the eligible project to which the application relates may enter into an agreement…
(1) A project sponsor may repay financial assistance provided for an eligible project under ORS 285B.003 to 285B.030 from any source, including, but not limited to: (a) Revenues generated by the eligible project, including special assessment revenues. (b) Amounts withheld under ORS 285B.027. (c) The general fund of the…
(1) If a project sponsor fails to comply with ORS 285B.003 to 285B.030 or an agreement entered into under ORS 285B.021, the Oregon Business Development Department may seek appropriate legal remedies to secure any repayment of obligations due from the project sponsor to the Industrial Lands Loan Fund. (2)(a) If a projec…
(1)(a) The Industrial Lands Loan Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Industrial Lands Loan Fund shall be credited to the fund. (b) Moneys in the fund are continuously appropriated to the Oregon Business Development Department for the purposes se…
The Legislative Assembly finds that: (1) Traded sector industries are the foundation of state and regional economic development strategies for long-term job creation and prosperity. Because traded sector jobs typically pay higher than average wages and generate higher than average income tax revenues, such jobs play an…
As used in ORS 285B.032 to 285B.046: (1) “Administrative costs” includes, but is not limited to, the direct and indirect costs incurred by the Oregon Business Development Department for: (a) Investigating and processing applications submitted under ORS 285B.040; (b) Negotiating agreements for the purposes of ORS 285B.0…
(1)(a) The Oregon Business Development Department may provide financial assistance to a project sponsor, for allowable costs expended for an industrial land development project, from moneys in the Industrial Site Loan Fund established under ORS 285B.046, in accordance with this section. (b) The financial assistance may…
(1)(a) The Oregon Business Development Department may make a forgivable loan to a project sponsor, for allowable costs related to a planning project, from moneys in the Industrial Site Loan Fund established under ORS 285B.046, in accordance with this section. (b) The department shall determine the amount of a forgivabl…
(1) The Oregon Business Development Department may directly or indirectly expend or loan moneys in the Industrial Site Loan Fund established under ORS 285B.046 or extend credit to: (a) Provide to project sponsors of an eligible project related to industrial land any form of financial assistance that the department cons…
For purposes of ORS 285B.032 to 285B.046: (1) The allowable costs of a development project include: (a) Property acquisition and assembly costs associated with creating large development parcels, including any easement or right of way directly related to and necessary for a development project. (b) Transportation impro…
(1)(a) A project sponsor seeking financial assistance from the Industrial Site Loan Fund must submit an application in the manner and form required by the Oregon Business Development Department. (b) At a minimum, each application must include: (A) The name and nature of the project sponsor; (B) A description of the nat…
(1) Upon approval of an application submitted under ORS 285B.040, the Oregon Business Development Department, notwithstanding any other provision of law or any restriction on indebtedness contained in a charter, and the project sponsor of the eligible project to which the application relates may enter into an agreement…
(1) A project sponsor may repay financial assistance provided for an eligible project under ORS 285B.032 to 285B.046 from any source, including, but not limited to: (a) Revenues generated by the eligible project, including special assessment revenues. (b) Amounts withheld under ORS 285B.044. (c) The general fund of the…
(1) If a project sponsor fails to comply with an agreement entered into under ORS 285B.041, the Oregon Business Development Department may seek appropriate legal remedies to secure any repayment of obligations due from the project sponsor to the Industrial Site Loan Fund. (2)(a) If a project sponsor defaults on payment…
(1)(a) The Industrial Site Loan Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Industrial Site Loan Fund shall be credited to the fund. (b) Moneys in the fund are continuously appropriated to the Oregon Business Development Department for the purposes set…
As used in ORS 285B.050 to 285B.098, unless the context requires otherwise: (1) “Applicant” means any county, municipality, person or any combination of counties, municipalities or persons applying for a loan from the Oregon Business Development Fund under ORS 285B.050 to 285B.098. (2)(a) “Business development project”…
(1) Any county, municipality, person or any combination of counties, municipalities and persons may file with the Oregon Business Development Department an application to borrow money from the Oregon Business Development Fund for a business development project as provided in ORS 285B.050 to 285B.098. The application sh…
The Oregon Business Development Department shall charge fees and establish rules to underwrite loans from the Oregon Business Development Fund.
(1) The Oregon Business Development Commission may approve a business development project proposed in an application filed under ORS 285B.050 to 285B.098 if, after investigation, the commission finds that: (a) The proposed business development project is feasible and a reasonable risk from practical and economic standp…