Financial assistance for levee projects; required findings. (1) The Oregon Infrastructure Finance Authority may provide financial assistance in the form of loans or grants for a levee project to

ORS 285B.420 — under Chapter 285B.

ORS 285B.420

(a) Municipalities;

(b) Corporations or companies for drainage or flood control organized under ORS chapter 554; and

(c) For-profit or nonprofit entities and individuals engaged in the ownership, construction, inspection, accreditation, certification or repair of levees.

(2) To qualify for financial assistance under this section, the municipality, corporation, company, entity or individual must demonstrate, and the authority must find, that the levee project substantially contributes to the improvement, expansion or repair of the state’s or a municipality’s infrastructure system and is essential for the use or development of farm, industrial or commercial land in Oregon.

(3) Levee projects that receive financial assistance under this section are subject to the provisions and requirements of ORS 285B.410 to 285B.482, if applicable. [2015 c.667 §3; 2025 c.629 §10]

Note: Section 11, chapter 629, Oregon Laws 2025, provides:

Sec. 11. The amendments to ORS 285B.420 by section 10 of this 2025 Act apply to financial assistance provided under ORS 285B.420 before, on or after the effective date of this 2025 Act [August 7, 2025]. [2025 c.629 §11]

Note: 285B.420 was added to and made a part of 285B.410 to 285B.482 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.