2021 Oregon Revised Statutes
Chapter 285B - Economic Development II
Section 285B.080 - Director as agent; duties; authority to approve loans.

2021 Oregon Revised Statutes

Volume : 07 - Public Facilities and Finance

Chapter 285B - Economic Development II

Section 285B.050 - Definitions for ORS 285B.050 to 285B.098.

Section 285B.053 - Borrowing money from Oregon Business Development Fund; application; report.

Section 285B.059 - Conditions for commission approval of project; limits; exceptions.

Section 285B.062 - Loan contract; required provisions; repayment plan; state liability.

Section 285B.063 - Annual adjustment of maximum contract amounts.

Section 285B.068 - Payment of moneys for project; applicant to pay percentage of loan principal to Oregon Business Development Fund.

Section 285B.080 - Director as agent; duties; authority to approve loans.

Section 285B.081 - Repayment and collection; rules.

Section 285B.086 - Authorization to lend funds for joint governmental projects or match money; form of loan application; loan limit.

Section 285B.089 - Loan contract; required provisions; repayment schedule.

Section 285B.092 - Oregon Business Development Fund; uses; transfer of unobligated funds.

Section 285B.093 - Oregon Targeted Development Account; purpose; exemption from minimum interest rate.

Section 285B.109 - Definitions for ORS 285B.109 to 285B.119.

Section 285B.113 - Contracts with financial institutions to participate in program; required contents; disclosure of information.

Section 285B.115 - Loss reserve accounts; policies; rules; moneys as property of state.

Section 285B.117 - Enrollment of qualified loan in program; notice to department; fees; transfers to loss reserve accounts; rules and limits for loans.

Section 285B.118 - Claims for reimbursement of losses; reimbursable costs; repayment to loss reserve account.

Section 285B.119 - Capital Access Fund; investment; retrieval of interest; administrative expenses.

Section 285B.123 - Purpose.

Section 285B.130 - Loans from Small Business Expansion Loan Fund; application fees; eligibility; loan agreements; loan limits; moneys reserved for low to moderate income applicants; rules.

Section 285B.133 - Small Business Expansion Loan Fund; purposes; sources of moneys; special transfers to and from fund.

Section 285B.168 - Grants; application; required provisions; authorized uses; eligibility; subcontracts; report.

Section 285B.169 - Centers to collaborate with state agencies and private sector.

Section 285B.178 - Definitions for Microenterprise Development Act.

Section 285B.179 - Purposes of Microenterprise Development Act.

Section 285B.186 - Short title.

Section 285B.200 - Definitions for ORS 285B.200 to 285B.218.

Section 285B.203 - Purpose of Credit Enhancement Fund.

Section 285B.206 - Duties of department; rules; application procedure; agreement contents.

Section 285B.209 - Fees and terms for loan and credit guarantees.

Section 285B.215 - Credit Enhancement Fund; uses; sources.

Section 285B.218 - Pledge to assure repayment; transfer of funds to pay claims.

Section 285B.233 - Legislative findings; purpose.

Section 285B.236 - Guidelines for local economic development strategies; required provisions; rules.

Section 285B.260 - Local Economic Opportunity Fund; uses; rules.

Section 285B.266 - Strategic Reserve Fund; uses.

Section 285B.283 - Policy.

Section 285B.286 - Entrepreneurial and industry development activities.

Section 285B.290 - Industry Competitiveness Fund; uses.

Section 285B.323 - Definitions for ORS 285B.320 to 285B.371.

Section 285B.326 - Request for issuance of bonds; fees; rules; reimbursement for expenses.

Section 285B.329 - Review of project by commission; exception.

Section 285B.335 - Powers of department; lease requirements.

Section 285B.338 - Powers of commission.

Section 285B.344 - Issuance of bonds.

Section 285B.362 - Covenants in bonds.

Section 285B.365 - Limitations of bonds; recitals.

Section 285B.368 - Powers and rights of bondholders.

Section 285B.410 - Definitions for ORS 285B.410 to 285B.482.

Section 285B.413 - Legislative findings; purpose; use of moneys; rules.

Section 285B.419 - Administration of Special Public Works Fund; rules and policies.

Section 285B.420 - Financial assistance for levee projects; required findings.

Section 285B.421 - Levee Project Grant Fund; limits; matching funds; rural and distressed areas.

Section 285B.422 - Funding to municipalities for development projects; criteria for project funding; prohibited uses.

Section 285B.437 - Contract with municipality; required provisions; repayment.

Section 285B.440 - Primary use of moneys in fund; standards for awarding grants; limitations; rules.

Section 285B.449 - Effect of failure to comply or default.

Section 285B.455 - Special Public Works Fund; uses; administration of fund.

Section 285B.456 - Levee Project Subaccount.

Section 285B.460 - Funding and assistance for planning projects.

Section 285B.462 - Funding and assistance for emergency projects.

Section 285B.465 - Allowable costs of projects.

Section 285B.467 - Oregon Infrastructure Finance Authority to determine eligibility for revenue bond financing; rules; request for issuance; allowable costs.

Section 285B.470 - Powers of authority.

Section 285B.473 - Issuance of revenue bonds.

Section 285B.476 - Application of law to revenue bonds; proceeds; maximum duration of loans.

Section 285B.479 - Nature of revenue bonds.

Section 285B.482 - Revenue bonds as parity bonds; consolidation of bond proceeds; loans and consolidated funds as security for water or development projects.

Section 285B.500 - Purpose of ORS 285B.500 to 285B.512; legislative findings.

Section 285B.503 - Oregon Unified International Trade Fund; uses.

Section 285B.506 - Grant agreements; maximum grant amount; required provisions; assignment of right to receive grant moneys; agreement not to constitute state debt or liability.

Section 285B.509 - Agreements between primary sponsor and United States.

Section 285B.512 - End of lottery allocations upon certification by administrator of authority.

Section 285B.515 - "Primary sponsor" and "project sponsor" defined.

Section 285B.530 - Definitions for ORS 285B.530 to 285B.548.

Section 285B.533 - Issuance of infrastructure lottery bonds; amount; use of bond proceeds.

Section 285B.548 - Amount of infrastructure lottery bonds.

Section 285B.551 - Issuance of additional lottery bonds; uses; maximum amounts; Economic Infrastructure Project Fund.

Section 285B.560 - Definitions for ORS 285B.560 to 285B.599.

Section 285B.563 - Water Fund; uses; conditions for making loan; grant awards; investment of fund moneys; rules and policies.

Section 285B.572 - Eligibility of project for revenue bond financing; rules; decision to issue bonds.

Section 285B.575 - Issuance of revenue bonds.

Section 285B.578 - Nature of revenue bonds.

Section 285B.581 - Repayment plans; required provisions; loan contract; sources for repayment.

Section 285B.584 - Powers of authority.

Section 285B.587 - Deposit and use of bond proceeds.

Section 285B.599 - Effect of failure to repay to Water Fund; default.

Section 285B.600 - Definitions for ORS 285B.600 to 285B.620.

Section 285B.602 - Rules.

Section 285B.605 - Certification of eligible employers; time period to approve application.

Section 285B.608 - Application for certification; requirements.

Section 285B.610 - Revocation of certificate.

Section 285B.615 - Oregon Business Retention and Expansion Program; purpose; agreements; contents; loans.

Section 285B.618 - Department estimate of program tax revenues; methodology.

Section 285B.620 - Oregon Business Retention and Expansion Program Fund; sources; uses.

Section 285B.622 - Transfer of moneys from Strategic Reserve Fund.

Section 285B.625 - Legislative findings.

Section 285B.626 - Definitions for ORS 285B.625 to 285B.632.

Section 285B.627 - Oregon Industrial Site Readiness Program; purpose; application; tax reimbursement arrangement; loan agreement; rules.

Section 285B.630 - Department to obtain employment and wage information for eligible employers at regionally significant industrial sites and determine estimated incremental income tax revenues; transfer of certified amounts to fund; rules.

Section 285B.632 - Oregon Industrial Site Readiness Program Fund; sources; uses.

Section 285B.635 - Legislative findings.

Section 285B.636 - Definitions for ORS 285B.635 to 285B.640.

Section 285B.637 - Oregon Industrial Site Readiness Assessment Program; purpose; application; grant eligibility; limitations; rules.

Section 285B.640 - Oregon Industrial Site Readiness Assessment Program Fund; sources; uses.

Section 285B.642 - Findings in furtherance of economic development.

Section 285B.651 - Definitions for ORS 285B.651 to 285B.676.

Section 285B.655 - Distributions to assist rural jurisdictions with applications for funding.

Section 285B.660 - Oregon Business Development Department to develop policy for distributions, work with district association, oversee rural grant services.

Section 285B.664 - Requirements for member district receiving moneys; agreements with regional solutions advisory committees; quarterly reports; member district hiring authority.

Section 285B.670 - Annual report to legislature by Oregon Business Development Department.

Section 285B.676 - Oregon Rural Capacity Fund.

Section 285B.740 - Legislative intent; delegation of loan program responsibilities; powers of department; loan fees.

Section 285B.743 - Application for entrepreneurial development loan; eligibility; rules.

Section 285B.746 - Conditions for loan approval.

Section 285B.749 - Additional conditions for loan approval; maximum term and amount of loan.

Section 285B.753 - Indexing of annual revenue limit amount and maximum loan amount.

Section 285B.758 - Oregon Entrepreneurial Development Loan Fund; uses.

Section 285B.764 - Definitions for ORS 285B.764 to 285B.775.

Section 285B.768 - Oregon Business Development Department to develop and implement loan program; limits and requirements.

Section 285B.771 - Application process; assistance from technical assistance provider required; referral of application to Oregon Business Development Department; payment of closing costs; payment of loan proceeds.

Section 285B.774 - Disadvantaged and Emerging Small Business Loan Fund.

Section 285B.775 - Annual report by Oregon Business Development Department to legislature.

Section 285B.780 - Purpose.

Section 285B.784 - Definitions for ORS 285B.780 to 285B.799.

Section 285B.787 - RFP process for awards to lenders; limits; approval criteria.

Section 285B.791 - Agreements with lenders; terms; waiver and breach of lender obligations upon borrower default; minimum total loan principal amount.

Section 285B.794 - Annual report by lenders.

Section 285B.797 - Release of lender and use of balance in account; repayment of balance.

Section 285B.799 - Biennial report by Oregon Business Development Department to legislature.