(1) "Agricultural improvements" means any improvements, buildings, structures or fixtures suitable for use in farming that are located on agricultural land.
(2) "Agricultural land" means land located in this state that is suitable for use in farming and that is or will be operated as a farm.
(3) "Agricultural project" means agricultural improvements, agricultural land or depreciable agricultural property.
(4) "Beginning farmer" means a person, as defined by the Oregon Business Development Department by rule.
(5) "Depreciable agricultural property" means personal property suitable for use in farming for which an income tax deduction for depreciation is allowable in computing federal income tax under the Internal Revenue Code, including but not limited to farm machinery and trucks but not including feeder livestock, seed, feed, fertilizer and other types of inventory or supplies.
(6) "Eligible revenue" means the revenue or assets of an eligible agricultural project that are provided as security for a loan under ORS 285A.420 to 285A.435 by a beginning farmer, an agent of the beginning farmer or a related party to the beginning farmer.
(7) "Lender" means a person or entity authorized to make loans to beginning farmers pursuant to ORS 285A.420 to 285A.435, that is one of the following:
(a) An insured institution, as defined in ORS 706.008, that is authorized to do business in Oregon;
(b) A person selling agricultural land to a beginning farmer pursuant to an owner-financed agreement or sales contract;
(c) An institution organized and existing under the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.); and
(d) Other persons or entities as defined by rule adopted by the Oregon Business Development Department. [2013 c.742 §2; 2015 c.165 §2]
Note: See note under 285A.420.
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 285A - Economic Development I
Section 285A.010 - Definitions for ORS 284.101 to 284.148 and ORS chapters 285A, 285B and 285C.
Section 285A.045 - Duties and functions of commission; exercise of commission powers; rules.
Section 285A.050 - Biennial report; content.
Section 285A.055 - Prerequisites for certain commission actions.
Section 285A.060 - Advisory and technical committees.
Section 285A.075 - Department duties; rules; contract authority; foreign trade offices.
Section 285A.083 - Authority to require fingerprints for criminal records check.
Section 285A.091 - Oregon Infrastructure Finance Authority Board; members; terms; quorum.
Section 285A.093 - Board duties; rules.
Section 285A.096 - Oregon Infrastructure Finance Authority; duties; staff.
Section 285A.101 - Administrator; powers; rules; staff.
Section 285A.103 - Oregon Infrastructure Finance Fund; sources; uses; rules.
Section 285A.116 - Regions for job development; economic innovation coordination.
Section 285A.143 - Sister State Committee; membership; term.
Section 285A.145 - Sister State Committee authority.
Section 285A.148 - Oregon-China Sister State Committee; membership; term.
Section 285A.152 - Oregon-China Sister State Committee authority.
Section 285A.157 - Oregon Broadband Advisory Council Fund; sources of funds.
Section 285A.160 - Biennial report.
Section 285A.166 - Oregon Broadband Office; duties.
Section 285A.185 - Brownfields redevelopment; department duties; rules.
Section 285A.190 - Oregon Coalition Brownfields Cleanup Program; loans and grants; rules.
Section 285A.192 - Oregon Coalition Brownfields Cleanup Fund; sources; uses.
Section 285A.193 - Definitions.
Section 285A.195 - Application process.
Section 285A.196 - Documentation required for forgiveness; repayment for noncompliance; cure.
Section 285A.197 - Rulemaking for administration of loan program.
Section 285A.198 - Oregon Brownfield Properties Revitalization Fund.
Section 285A.200 - Gifts; federal aid; fees.
Section 285A.206 - Department to prepare financial statements; contents; reporting period.
Section 285A.213 - Safe Drinking Water Revolving Loan Fund; administration; sources; uses.
Section 285A.224 - Business Retention Fund; purpose; administration; uses; rules.
Section 285A.227 - Oregon Business, Innovation and Trade Fund; uses; sources; rules.
Section 285A.230 - University Innovation Research Fund; grants.
Section 285A.240 - Legislative findings.
Section 285A.303 - Findings; purpose.
Section 285A.325 - Foreign trade zones; operators of zones.
Section 285A.328 - Specific corporation authorized to maintain foreign trade zone.
Section 285A.340 - Legislative findings; declaration of policy.
Section 285A.349 - Evaluation of effectiveness of assistance.
Section 285A.420 - Legislative findings.
Section 285A.422 - Definitions for ORS 285A.420 to 285A.435.
Section 285A.430 - Revenue bonds to finance agricultural projects.
Section 285A.435 - Beginning and Expanding Farmer Loan Program Fund.
Section 285A.510 - Definitions for ORS 285A.510 to 285A.522.
Section 285A.522 - Annual report of plant closings and layoffs; contents.
Section 285A.654 - Port Planning and Marketing Fund; uses; sources; investment.
Section 285A.657 - Grants; purposes; application; eligibility; standards; prohibited funding.
Section 285A.660 - Funding priorities; port strategic business plans; rules.
Section 285A.666 - Definitions for ORS 285A.666 to 285A.732.
Section 285A.672 - Review of application; fee.
Section 285A.678 - Qualifications for approval of project funding.
Section 285A.681 - Loan from fund; required contract terms; repayment plan; rules.
Section 285A.687 - Filing of lien against port; notice of satisfaction.
Section 285A.690 - Powers to enforce loan agreement.
Section 285A.702 - Funds for joint projects or match money; form of application.
Section 285A.705 - Loan contract; required provisions.
Section 285A.708 - Oregon Port Revolving Fund; uses; sources; debt limit; prohibited use.
Section 285A.709 - Transfers to Port Planning and Marketing Fund.