Title 26A, Economic Development

(1) The Oregon Infrastructure Finance Authority shall develop marketing grant funding priorities considering such factors as community need and whether the project will lead to economic diversification, development of a new or emerging industry and redevelopment of existing publi…

As used in ORS 285A.666 to 285A.732, unless the context requires otherwise: (1) “Flexible manufacturing space project” means a project for the acquisition, construction, improvement or rehabilitation, in whole or in part, of any building suitable for the conduct of manufacturing …

Any Oregon port district may file with the Oregon Infrastructure Finance Authority an application to borrow money from the Oregon Port Revolving Fund for a project as provided in ORS 285A.666 to 285A.732. The application shall be filed in such a manner and contain or be accompani…

(1) Upon receipt of an application filed as provided in ORS 285A.669, the Oregon Infrastructure Finance Authority shall determine whether the plans and specifications for the proposed project set forth in or accompanying the application are satisfactory. (2) If the authority dete…

Nothing in ORS 285A.666 to 285A.732 is intended to prevent an applicant from employing a private engineering firm and construction firm to perform the engineering and construction work on a proposed project. [Formerly 285.880; 2001 c.883 §11]

The Oregon Infrastructure Finance Authority may approve a project proposed in an application filed as provided in ORS 285A.669, if, after investigation, the authority finds that: (1) The proposed project is feasible and a reasonable risk from practical and economic standpoints, a…

(1) If the Oregon Infrastructure Finance Authority approves the project, the authority, on behalf of the state, and the applicant may enter into a loan contract that is secured by good and sufficient collateral. (2) A loan contract entered into pursuant to this section shall set …

If the Oregon Infrastructure Finance Authority approves a loan for a project, the authority shall pay moneys for the project from the Oregon Port Revolving Fund, in accordance with the terms of the loan contract as prescribed by the authority. [Formerly 285.887; 2001 c.883 §14; 2…

(1) If the Oregon Infrastructure Finance Authority accepts a lien against any port district’s real or personal property as collateral required by ORS 285A.681, the authority shall file notice of the loan with the recording officer of each county in which is situated any real or p…

(1) The Oregon Business Development Department may institute proceedings to foreclose any lien for delinquent loan payments. (2) If a port district fails to comply with a contract entered into pursuant to ORS 285A.681, the department may seek appropriate legal remedies to secure …

A port district that enters into a contract with the Oregon Infrastructure Finance Authority for a project and repayment as provided in ORS 285A.681 may obtain moneys for repayment to the Oregon Port Revolving Fund under the contract in the same manner as other moneys are obtaine…

The Oregon Business Development Commission may appoint the Director of the Oregon Business Development Department as their representative and agent in all matters pertaining to ORS 285A.666 to 285A.732. The director shall ensure that all provisions of ORS 285A.666 to 285A.732 are…

Except as provided in ORS 285A.702, if any project is refinanced or financial assistance is obtained from other sources after the execution of the loan from the state, all such funds shall be used to repay the state first if such refinancing or financial assistance applies only t…

(1) The Oregon Infrastructure Finance Authority may authorize funds from the Oregon Port Revolving Fund to be used in appropriate joint governmental participation projects or as match money with any port, state or federally funded project authorized within a port district, subjec…

If the Oregon Infrastructure Finance Authority approves an application for the loan of moneys authorized by ORS 285A.702, the authority shall enter into a loan contract, secured by good and sufficient collateral, with the port district that provides, among other matters: (1) That…

(1) There is created within the State Treasury a revolving fund known as the Oregon Port Revolving Fund, separate and distinct from the General Fund. Interest earned by the Oregon Port Revolving Fund shall be credited to the fund. Moneys in this fund are continuously appropriated…

(1) Notwithstanding ORS 285A.708 (1) and 285A.711, available moneys in the Oregon Port Revolving Fund that were accrued as repayments or net earned income of the fund may be transferred to the Port Planning and Marketing Fund created under ORS 285A.654. (2) Notwithstanding ORS 28…

All payments, receipts and interest from outstanding indebtedness shall be retained in the Oregon Port Revolving Fund and accumulated for new project disbursal, and repayment of funds allocated pursuant to section 25, chapter 838, Oregon Laws 1977. All interest earnings of the fu…

ORS 285A.666 to 285A.711 shall be known as the Oregon Port Revolving Fund Act. [Formerly 285.943] _______________

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 a…

(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 …

(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 …

(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 fo…

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 devel…

(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 proj…

(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 applica…

(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 O…

(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 Indust…

(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 De…

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 averag…

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 a…

(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 s…

(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 s…

(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 finan…

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 devel…

(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 proje…

(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 applica…

(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 O…

(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) …

(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 Deve…

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.09…

(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 …

The Oregon Business Development Department shall charge fees and establish rules to underwrite loans from the Oregon Business Development Fund. [Formerly 285.410; 2007 c.804 §42; 2009 c.830 §51]

(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…

If the Oregon Business Development Commission approves a business development project, the commission, on behalf of the state, and the applicant may enter into a loan contract of not more than $2 million, secured by good and sufficient collateral, which shall set forth, among oth…

(1) Beginning with the 2023 calendar year, the Oregon Business Development Department shall annually adjust the maximum contract amounts specified in ORS 285B.059 (1)(e) and 285B.062 by multiplying each amount by the percentage change in the monthly averaged Consumer Price Index …