(2) After a determination is made that a development project is eligible for revenue bond financing under ORS 285B.467 to 285B.479, the department shall forward a request for the issuance of revenue bonds to the State Treasurer, who shall determine whether to issue revenue bonds.
(3) When a project is determined to be eligible for revenue bond financing under ORS 285B.467 to 285B.479, allowable costs as described in ORS 285B.465 may be paid from bond proceeds.
(4) Administrative expenses of the authority in processing applications and investigating proposed projects and bond sales may not be derived from bond proceeds.
(5) The authority may pledge all or any portion of the existing or future assets and receipts of the Special Public Works Fund to pay debt service on bonds issued pursuant to ORS 285B.410 to 285B.482. The pledge shall take effect immediately, without delivery of the pledged funds to third parties, and the lien of the pledge shall be superior to all other liens of any nature.
(6) The authority is authorized to establish separate accounts within the fund for separate bond issues. [Formerly 285.740; 2001 c.883 §34; 2003 c.773 §45; 2005 c.835 §15; 2009 c.830 §106]
Structure 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.080 - Director as agent; duties; authority to approve loans.
Section 285B.081 - Repayment and collection; rules.
Section 285B.089 - Loan contract; required provisions; repayment schedule.
Section 285B.092 - Oregon Business Development Fund; uses; transfer of unobligated funds.
Section 285B.109 - Definitions for ORS 285B.109 to 285B.119.
Section 285B.115 - Loss reserve accounts; policies; rules; moneys as property of state.
Section 285B.119 - Capital Access Fund; investment; retrieval of interest; administrative expenses.
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.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.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.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.500 - Purpose of ORS 285B.500 to 285B.512; legislative findings.
Section 285B.503 - Oregon Unified International Trade Fund; uses.
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.560 - Definitions for ORS 285B.560 to 285B.599.
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.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.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.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.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.670 - Annual report to legislature by Oregon Business Development Department.
Section 285B.676 - Oregon Rural Capacity Fund.
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.774 - Disadvantaged and Emerging Small Business Loan Fund.
Section 285B.775 - Annual report by Oregon Business Development Department to legislature.
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.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.