justicedao/ipfs_state_laws huggingface dataset:
ORS Chapter 285a — Economic Development I

ORS 285a.433. Authority of Oregon Business Development Department; document specifications; prohibited actions. (1) The Oregon Business Development Department may: (a) Lend the proceeds of revenue bonds authorized by ORS 285A.420 to 285A.435 for approved agricultural projects. (b) Make contracts, execute instruments and do what is necessary or appropriate to carry out ORS 285A.420 to 285A.435. (2) The documents associated with revenue bonds or loans authorized by ORS 285A.420 to 285A.435 may specify: (a) The use and disposition of the revenues of an eligible agricultural project. (b) The creation and maintenance of sinking funds and the regulation, disposition and use of moneys in the sinking funds. (c) The creation and maintenance of funds to provide for maintaining the eligible agricultural project and replacement of properties depreciated, damaged, destroyed or condemned. (d) The disposition and use of the proceeds of revenue bonds. (e) The nature of mortgages or other encumbrances on the eligible agricultural project made in favor of the holder or owners of revenue bonds or in favor of an escrow agent, vendor, lender, other financing party or trustee. (f) The events of default, the rights and liabilities and the terms and conditions upon which the holders or owners of revenue bonds issued under ORS 285A.430 may bring an action or proceeding on the revenue bonds. (g) The conditions under which additional revenue bonds or other obligations may be issued that are payable from eligible revenue of an eligible agricultural project. (h) The insurance to be carried on an eligible agricultural project and the disposition and use of insurance moneys. (i) The keeping of books of account and the inspection and audit of the books. (j) The terms and conditions upon which all or part of the revenue bonds become, or may be declared, due before maturity and the terms and conditions upon which a declaration and the consequences of the declaration may be waived. (k) The rights, liabilities, powers and duties arising upon the breach by a beginning farmer, a lender or a related party. (L) The appointing of and vesting in a trustee of the right to enforce covenants made to secure or to pay the revenue bonds, the powers and duties of the trustee and the limitation of the liability of the trustee. (m) The terms and conditions upon which holders or owners of the revenue bonds may enforce covenants made by beginning farmers, trustees and other parties to the bond documents. (n) The subordination of the security of revenue bonds authorized by ORS 285A.420 to 285A.435, and the payment of principal and interest on the revenue bonds, to other bonds or obligations of the State of Oregon that: (A) Are issued to finance the approved agricultural project; or (B) That are outstanding when the subordinated revenue bonds are issued and delivered. (o) Other terms approved by the department that are consistent with ORS 285A.420 to
ORS Chapter 285a — Economic Development I

ORS 285a.435. (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
ORS Chapter 285a — Economic Development I

ORS 285a.440. [Formerly 285.190; renumbered 660.303 in 2001]
ORS Chapter 285a — Economic Development I

ORS 285a.449. [Formerly 285.185; repealed by 2001 c.684 38]
ORS Chapter 285a — Economic Development I

ORS 285a.480. [Formerly 285.670; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.492. [Formerly 285.677; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.495. [Formerly 285.678; repealed by 2009 c.830 171] ECONOMIC DISLOCATIONS
ORS Chapter 285a — Economic Development I

ORS 285a.510. Definitions for ORS 285A.510 to 285A.522. As used in ORS 285A.510 to
ORS Chapter 285a — Economic Development I

ORS 285a.513. Policy. The Legislative Assembly declares that it is the policy of the State of Oregon to assist employers, workers and communities in this state in coping with the effects of plant closings, mass layoffs and other economic dislocations. [Formerly 285.453]
ORS Chapter 285a — Economic Development I

ORS 285a.516. Notification of plant closing or mass layoff under Worker Adjustment and Retraining Notification Act. The Higher Education Coordinating Commission is the state agency that shall be notified when an employer is required to provide written notice of a plant closing or mass layoff under section 3 of the Worker Adjustment and Retraining Notification Act (P.L. 100-379).
ORS Chapter 285a — Economic Development I

ORS 285a.519. Notification of employers under Worker Adjustment and Retraining Notification Act. (1) The Higher Education Coordinating Commission shall notify employers subject to the Worker Adjustment and Retraining Notification Act (P.L. 100-379) that the commission is the state agency that must be notified when the employers are required to provide notice of a plant closing or mass layoff under the Worker Adjustment and Retraining Notification Act (P.L. 100-379). (2) When notifying employers as provided in subsection (1) of this section, the commission shall provide employers with a statement of the programs, projects, expenditures and other forms of assistance the commission and other state agencies can provide to communities, employers and workers affected by a plant closing or mass layoff.
ORS Chapter 285a — Economic Development I

ORS 285a.522. Annual report of plant closings and layoffs; contents. (1) The Higher Education Coordinating Commission shall prepare an annual report concerning plant closings and mass layoffs in this state. The report shall describe in detail each plant closing or mass layoff during the period covered by the report and the assistance and services provided to the affected employers, workers and communities. The report shall also contain the most recent information available relating to the current status of the employer, workers and community affected by each plant closing or mass layoff. (2) The report prepared under this section shall be presented to the Governor, the President of the Senate, the Speaker of the House of Representatives and appropriate legislative committees.
ORS Chapter 285a — Economic Development I

ORS 285a.535. [Formerly 285.263; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.538. [Formerly 285.265; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.541. [Formerly 285.267; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.544. [Formerly 285.270; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.547. [Formerly 285.273; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.550. [Formerly 285.275; repealed by 1999 c.509 61] PORTS (Generally)
ORS Chapter 285a — Economic Development I

ORS 285a.600. Policy. (1) The Legislative Assembly declares that it is the policy of this state to include Oregons ports in planning and implementing economic development and transportation programs. To that end, the Oregon Business Development Commission and the Oregon Business Development Department, through the Oregon Infrastructure Finance Authority, may work to: (a) Coordinate with the Department of Transportation and other state agencies, commissions and advisory committees engaged in activities affecting ports to facilitate port planning and development; (b) Promote local cooperation in statewide planning and development of the ports; (c) Promote long-term economic self-sufficiency of the ports; (d) Encourage cost-effective investments with prudent financial consideration of port development projects; and (e) Facilitate ports in their efforts to respond to domestic and international market opportunities. (2) The Legislative Assembly also declares that: (a) The State of Oregon recognizes, supports and promotes a federal role in the continuation of the maintenance and development of federally authorized waterway projects. (b) Because the federal role is changing, the responsibilities of this state may vary in terms of direct involvement in waterway transportation. (c) It is the policy of the State of Oregon to support the continued maintenance and development of the following waterways as key elements of the statewide transportation system: (A) The navigation channels of the Columbia River, Coos Bay and Yaquina Bay and any other commercial waterway segments that provide a link for movement of products to and from world and regional markets. (B) Waterway segments that serve as transportation corridors for large volumes of bulk and agricultural commodities and that provide shippers a cost-effective means to transport products. (C) The coastal channels and harbors that support commercial and water-dependent activities.
ORS Chapter 285a — Economic Development I

ORS 285a.603. Port defined for ORS 285A.603 to 285A.627. As used in ORS 285A.603 to
ORS Chapter 285a — Economic Development I

ORS 285a.606. [Formerly 285.806; repealed by 2007 c.804 86]
ORS Chapter 285a — Economic Development I

ORS 285a.615. Provision of managerial assistance and technical services; duties of authority; cooperation with other agencies. (1) The Oregon Infrastructure Finance Authority shall provide managerial assistance and technical referral services to ports. (2) The authority shall disseminate such research and technical information as is available to the authority. (3) The authority shall work cooperatively with existing organizations and agencies that provide research and technical services, including, but not limited to: (a) The Department of State Lands; (b) The State Marine Board; and (c) The Sea Grant College and marine extension services at Oregon State University.
ORS Chapter 285a — Economic Development I

ORS 285a.621. [Formerly 285.813; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.624. [Formerly 285.814; repealed by 2007 c.804 86]
ORS Chapter 285a — Economic Development I

ORS 285a.627. Authority as coordinating entity for port activities; approval required for creation of new ports. (1) The Oregon Business Development Commission and the Oregon Business Development Department, through the Oregon Infrastructure Finance Authority, shall be the statewide coordinating, planning and research entity for all ports and port authorities in this state to ensure the most orderly, efficient and economical development of the state port system. (2) Notwithstanding any other provision of law, after July 1, 1969, no port or port authority may be formed without the prior approval of the Oregon Infrastructure Finance Authority. (3) The authority is the statewide coordinating, planning and research entity for port activities involving international trade and international trade development and industrial, commercial and recreational development.
ORS Chapter 285a — Economic Development I

ORS 285a.630. [Formerly 285.817; repealed by 2007 c.804 86]
ORS Chapter 285a — Economic Development I

ORS 285a.633. [Formerly 285.820; repealed by 2007 c.804 86]
ORS Chapter 285a — Economic Development I

ORS 285a.636. [Formerly 285.825; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.639. [Formerly 285.827; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.642. [Formerly 285.830; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.645. [Formerly 285.833; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.648. [Formerly 285.837; repealed by 1999 c.509 61]
ORS Chapter 285a — Economic Development I

ORS 285a.651. [Formerly 285.843; repealed by 1999 c.509 61] (Planning and Marketing)
ORS Chapter 285a — Economic Development I

ORS 285a.654. Port Planning and Marketing Fund; uses; sources; investment. (1) There is created within the State Treasury, separate and distinct from the General Fund, the Port Planning and Marketing Fund. All moneys in the Port Planning and Marketing Fund are appropriated continuously to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority and shall be used by the authority for: (a) Administrative expenses of the authority in processing grant applications and investigating proposed planning or marketing projects related to ports. (b) Payment of grants under ORS 285A.654 to 285A.660 to ports formed under ORS 777.010 and 777.050. (c) Direct purchase by the authority of goods or services to assist ports in implementing planning or marketing projects approved for grant financing under ORS 285A.654 to 285A.660. (2) The Port Planning and Marketing Fund shall consist of: (a) Moneys appropriated to the fund by the Legislative Assembly. (b) Moneys obtained from gifts or grants received under ORS 285A.200. (c) Moneys obtained from interest earned on the investment of such moneys. (3) Moneys in the Port Planning and Marketing Fund, with the approval of the State Treasurer, may be invested as provided by ORS 293.701 to 293.857, and the earnings from such investments shall be credited to the Port Planning and Marketing Fund.
ORS Chapter 285a — Economic Development I

ORS 285a.657. Grants; purposes; application; eligibility; standards; prohibited funding. (1) The Oregon Infrastructure Finance Authority may make grants, as funds are available, to any port formed under ORS chapter 777 or 778 for: (a) A planning project conducted under ORS 285A.627 or any other planning project necessary for improving the ports capability to carry out its authorized functions and activities relating to trade and commerce; or (b) A marketing project necessary for improving the ports capability to carry out its authorized functions and activities relating to trade and commerce. (2) Any port may file with the authority an application for a grant from the Port Planning and Marketing Fund to finance a specific planning project or marketing project. (3) An application under this section shall be filed in such a manner and contain or be accompanied by such information as the authority may prescribe. (4) Upon receipt of an application, the authority shall determine whether the planning project or marketing project is eligible for funding under ORS 285A.654 to
ORS Chapter 285a — Economic Development I

ORS 285a.660. Funding priorities; port strategic business plans; rules. (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 public facilities. The authority shall give priority to regional or cooperative projects, and projects that leverage other marketing efforts by the state or other local government units. (2) The authority shall review all proposals to avoid duplication of marketing efforts among ports, and to maintain consistency with the applicable county or city comprehensive plans. (3) Ports shall develop and maintain strategic business plans before obtaining funding. A strategic business plan developed and maintained under this subsection must comply with standards and requirements for strategic business plans established by the Oregon Business Development Department by rule. The department shall also establish by rule the date by which ports seeking funding must have a strategic business plan in place.
ORS Chapter 285a — Economic Development I

ORS 285a.663. [Formerly 285.863; repealed by 1999 c.509 61] (Oregon Port Revolving Fund)
ORS Chapter 285a — Economic Development I

ORS 285a.666. Definitions for ORS 285A.666 to 285A.732. As used in ORS 285A.666 to
ORS Chapter 285a — Economic Development I

ORS 285a.669. Application for project money. 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
ORS Chapter 285a — Economic Development I

ORS 285a.672. Review of application. (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 determines that the plans and specifications are not satisfactory, the authority may: (a) Reject the application. (b) Require the applicant to submit additional information of the plans and specifications as may be necessary.
ORS Chapter 285a — Economic Development I

ORS 285a.675. Private contract for project not prohibited. Nothing in ORS 285A.666 to
ORS Chapter 285a — Economic Development I

ORS 285a.678. Qualifications for approval of project funding. 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, and the loan has reasonable prospect of repayment. (2) Moneys in the Oregon Port Revolving Fund are or will be available for the proposed project. (3) There is a need for the proposed project, and the applicants financial resources are adequate to provide the working capital needed to ensure success of the project. (4) The applicant has received all necessary permits required by federal, state or local agencies. (5) The standards under ORS 285A.055 have been met.
ORS Chapter 285a — Economic Development I

ORS 285a.681. Loan from fund; contract terms; repayment plan; rules. (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 forth, among other matters: (a) A plan for repayment by the applicant to the Oregon Port Revolving Fund of moneys borrowed from the fund for the project and interest on the moneys at a rate of interest determined by the authority. (b) Provisions satisfactory to the authority for field engineering and inspection, the authority to be the final judge of completion of the contract. (c) That the liability of the state under the contract is contingent upon the availability of moneys in the Oregon Port Revolving Fund for use in the project. (d) Any other provision the authority considers necessary to ensure expenditure of the funds for the purposes set forth in the approved application. (3) The repayment plan required under subsection (2) of this section, among other matters: (a)(A) Shall provide for commencement of repayment by the port district of moneys used for the project and interest on the moneys no later than one year after the date of the loan contract or at any other time as the authority may provide. (B) Notwithstanding subparagraph (A) of this paragraph and upon approval by the authority, may provide, with respect to a flexible manufacturing space project, that no interest shall accrue until the building is at least 25 percent occupied or until three years after the date of the loan contract, whichever is earlier. (b) May provide for reasonable extension of the time for making any repayment in emergency or hardship circumstances if approved by the authority. (c) Shall provide for such evidence of debt assurance of, and security for, repayment by the applicant as the authority considers necessary. (d) Shall specify a loan term that may not exceed the useful life of the contracted project or 30 years from the year of project completion, whichever is less. (e) Shall include a payment schedule that: (A) Provides for repayment of interest that accrues during any period of delay in repayment authorized under paragraph (a) of this subsection; and (B) May require payments of varying amounts for collection of the accrued interest. (f) Shall provide for partial or complete repayment, in excess of scheduled payments, of any outstanding principal loan amount without penalty. (4) The Oregon Infrastructure Finance Authority may make limited moneys available from the Oregon Port Revolving Fund to eligible ports for grants to assist with capital improvement projects. (5) The Oregon Business Development Department shall adopt by rule eligibility criteria and award limits for grants from the fund.
ORS Chapter 285a — Economic Development I

ORS 285a.684. Payment from fund upon loan approval. 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.
ORS Chapter 285a — Economic Development I

ORS 285a.687. Filing of lien against port; notice of satisfaction. (1) If the Oregon Infrastructure Finance Authority accepts a lien against any port districts 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 personal property of the port district. The notice shall contain a description of the encumbered property, the amount of the loan, and a statement that loan payments are liens against such property. (2) Upon payment of all amounts loaned to a port district pursuant to ORS 285A.666 to 285A.732, the authority shall file with each recording officer referred to in subsection (1) of this section a satisfaction notice that indicates repayment of the loan.
ORS Chapter 285a — Economic Development I

ORS 285a.690. Powers to enforce loan agreement. (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
ORS Chapter 285a — Economic Development I

ORS 285a.693. Sources of loan repayment moneys. 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 obtained for purposes of the port district or other moneys available to the developer.