2021 Oregon Revised Statutes
Chapter 285B - Economic Development II
Section 285B.410 - Definitions for ORS 285B.410 to 285B.482.


(1) "Airport" means:
(a) A runway, taxiway, aircraft parking apron, ramp, auto parking area, access road, safety area or runway protection zone;
(b) An airport-related facility, including a hangar, terminal, air traffic control tower or other building;
(c) A signal, navigational aid or traffic control system; or
(d) A fuel tank or other physical airport improvement.
(2)(a) "Community development project" means a project that involves strategic planning, training or other technical assistance as defined by the Oregon Business Development Department by rule, and that is aimed at strengthening the economic development, community development or infrastructure priority setting of a municipality or region.
(b) "Community development project" includes the following activities:
(A) Developing and managing short-term and long-term projects;
(B) Developing priorities for infrastructure projects;
(C) Strategic planning related to furthering economic or community development; or
(D) Training related to economic or community development, including training to improve leadership skills, technical skills or analytical skills, particularly in rural and distressed areas.
(c) "Community development project" includes projects that may encompass a municipality or any part of a municipality and may be undertaken in cooperation with another municipality.
(3) "Development project" means a project for the acquisition, improvement, construction, demolition, or redevelopment of municipally owned utilities, buildings, land, transportation facilities or other facilities that assist the economic and community development of the municipality, including planning project activities that are necessary or useful as determined by the Oregon Infrastructure Finance Authority.
(4) "Direct project management costs" means expenses directly related to a project that are incurred by a municipality solely to support or manage a project eligible for assistance under ORS 285B.410 to 285B.482. "Direct project management costs" does not include routine or ongoing expenses of the municipality.
(5) "Emergency project" means a development project resulting from an emergency as defined in ORS 401.025, to which federal disaster relief has been committed.
(6) "Energy system" means a facility necessary for the distribution, transmission or generation of energy, including but not limited to facilities powered by wind, solar energy or biofuel and facilities for the collection, storage, transmission or distribution of a fuel, including natural gas, methane or hydrogen.
(7) "Levee project" means a community development project, development project, planning project or other project that is associated with the construction, capital improvement, inspection, accreditation, certification or repair of levees, flood control embankments or flood control facilities.
(8) "Marine facility" means:
(a) A wharf, dock, freight handling or passenger facility;
(b) A navigation channel or structure, including a project funded under ORS 777.267; or
(c) Any other physical marine facility improvement.
(9) "Municipality" means an Oregon city or county, the Port of Portland created by ORS 778.010, a county service district organized under ORS chapter 451, a district as defined in ORS 198.010, a drainage district organized under ORS chapter 547, a tribal council of a federally recognized Indian tribe in this state or an airport district organized under ORS chapter 838.
(10) "Planning project" means:
(a) A project related to a potential development project for preliminary, final or construction engineering;
(b) A survey, site investigation or environmental action;
(c) A financial, technical or other feasibility report, study or plan; or
(d) An activity that the authority determines to be necessary or useful in planning for a potential development project.
(11) "Project" means a development, community development, planning, levee or emergency project.
(12) "Railroad" means:
(a) A main line, siding, yard, connecting or auxiliary track, right of way or easement;
(b) An industrial spur or related facility, including a depot, shop, maintenance building or other building;
(c) A signal or traffic control system;
(d) A bridge or tunnel;
(e) A dock, pit, conveyor, bin, crane, piping system, tank or pavement for unloading, loading or transfer of freight, trailers or containers; or
(f) Any other physical railroad improvement.
(13) "Road" means a street, highway or thruway or a road-related structure that provides for continuity of a right of way, including a bridge, tunnel, culvert or similar structure or other physical road-related improvement.
(14) "Rural area" has the meaning given that term in ORS 285A.010.
(15) "Solid waste disposal site" has the meaning given the term "disposal site" in ORS 459.005.
(16) "Telecommunications system" means equipment or a facility for the electronic transmission of voice, data, text, image or video.
(17) "Transportation" means a system for movement of freight or passengers.
(18) "Utilities" means a solid waste disposal site or a water, sewage, storm water drainage, energy or telecommunications system. [Formerly 285.700; 1999 c.509 §43; 2001 c.96 §5; 2001 c.633 §1; 2001 c.883 §27; 2003 c.773 §27; 2005 c.835 §2; 2007 c.804 §32; 2009 c.830 §93; 2015 c.667 §1; 2021 c.654 §2]

Structure 2021 Oregon Revised Statutes

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.