reglab/housing_qa huggingface dataset:
OR Rev Stat § 285A.708 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285A - Economic Development I|Section 285A.708 - Oregon Port Revolving Fund; uses; sources; debt limit; prohibited use.

(1) There is created within the State Treasury a revolving fund known as the Oregon Port Revolving Fund, separate and distinct from the General Fund. Interest earned by the Oregon Port Revolving Fund shall be credited to the fund. Moneys in this fund are continuously appropriated to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority for the following purposes: (a) Administrative expenses of the authority in processing applications and investigating proposed projects. (b) Payment of loans to port districts pursuant to ORS 285A.666 to 285A.732. (c) Administrative expenses of the authority relating to ports. In any one year, administrative expenses charged under this paragraph may not be greater than the total revenues received in that year from fees provided for in subsection (2)(a) of this section, plus an amount not to exceed five percent of the total asset value of the fund. (2) The fund created by subsection (1) of this section shall consist of: (a) Application fees required by ORS 285A.672 (2). (b) Repayment of moneys loaned to port districts or others from the Oregon Port Revolving Fund, including interest on such moneys. (c) Payment of such moneys as may be appropriated to the fund by the Legislative Assembly. (d) Moneys obtained from any interest accrued from such funds. (3) Outstanding debt on the fund shall not exceed 95 percent of all deposits, accounts payable, and other assets of the fund. (4) No money shall be expended from the Oregon Port Revolving Fund for any economic development study costing more than $50,000 unless a work plan and budget for such study has been provided to appropriate legislative committees. [Formerly 285.915; 2001 c.883 §19; 2007 c.354 §13; 2007 c.804 §30; 2009 c.830 §48]
OR Rev Stat § 285A.711 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285A - Economic Development I|Section 285A.711 - Use of fund proceeds.

All payments, receipts and interest from outstanding indebtedness shall be retained in the Oregon Port Revolving Fund and accumulated for new project disbursal, and repayment of funds allocated pursuant to section 25, chapter 838, Oregon Laws 1977. All interest earnings of the fund from whatever source shall be retained and accumulated in the Oregon Port Revolving Fund and shall be used for projects, and repayment of funds allocated pursuant to section 25, chapter 838, Oregon Laws 1977. [Formerly 285.920; 2001 c.883 §20]
OR Rev Stat § 285A.732 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285A - Economic Development I|Section 285A.732 - Short title.

ORS 285A.666 to 285A.711 shall be known as the Oregon Port Revolving Fund Act. [Formerly 285.943]
OR Rev Stat § 285B.050 (2021)
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.

As used in ORS 285B.050 to 285B.098, unless the context requires otherwise: (1) "Applicant" means any county, municipality, person or any combination of counties, municipalities or persons applying for a loan from the Oregon Business Development Fund under ORS 285B.050 to 285B.098. (2)(a) "Business development project" means the acquisition, engineering, improvement, rehabilitation, construction, operation or maintenance of any property, real or personal, including working capital expenses, that is used or is suitable for use by an economic enterprise and that will result in, or will aid, promote or facilitate, development of traded sector activities. (b) "Business development project" includes, but is not limited to, convention facilities, destination facilities and office buildings, including corporate headquarters, and is a project that: (A) Is located in Oregon and in the traded sector or that supports traded sector activities; or (B) If engaged in by a nonprofit organization: (i) Will not compete with local for-profit businesses; and (ii) Need not be in the traded sector nor support traded sector activities. (c) "Business development project" does not include shopping centers, food service facilities or activities that are engaged in by retail and service businesses that are not in the traded sector unless otherwise allowed under ORS 285B.059 (5). (3) "Collateral" has the meaning given that term in ORS 79.0102 for property subject to a security interest. (4) "County" means any county or federally recognized Oregon Indian tribe. (5) "Local development group" means any public or private corporation that has as one of its primary purposes, as stated in its articles of incorporation, charter or bylaws, the promotion of economic development in any part of the State of Oregon. (6) "Municipality" means any city, municipal corporation or quasi-municipal corporation. (7) "Person" means any individual, association of individuals, joint venture, partnership, limited liability company or corporation. (8) "Traded sector" has the meaning given that term in ORS 285B.280. (9) "Traded sector activities" means activities that produce goods or services for the traded sector. [Formerly 285.403; 2001 c.445 §171; 2003 c.167 §1; 2007 c.804 §40; 2009 c.830 §49; 2011 c.558 §1; 2017 c.37 §1]
OR Rev Stat § 285B.053 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.053 - Borrowing money from Oregon Business Development Fund; application; report.

(1) Any county, municipality, person or any combination of counties, municipalities and persons may file with the Oregon Business Development Department an application to borrow money from the Oregon Business Development Fund for a business development project as provided in ORS 285B.050 to 285B.098. The application shall be filed in such a manner and contain or be accompanied by such information as the department may prescribe. (2) Any applicant receiving a loan from the fund shall report to the department the estimated number of jobs affected by the business development project financed under ORS 285B.050 to 285B.098. [Formerly 285.405; 2007 c.804 §41; 2009 c.830 §50]
OR Rev Stat § 285B.056 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.056 - Fees; rules.

The Oregon Business Development Department shall charge fees and establish rules to underwrite loans from the Oregon Business Development Fund. [Formerly 285.410; 2007 c.804 §42; 2009 c.830 §51]
OR Rev Stat § 285B.062 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.062 - Loan contract; required provisions; repayment plan; state liability.

If the Oregon Business Development Commission approves a business development project, the commission, on behalf of the state, and the applicant may enter into a loan contract of not more than $2 million, secured by good and sufficient collateral, which shall set forth, among other matters: (1) A plan for repayment by the applicant to the Oregon Business Development Fund of moneys borrowed from the fund used for the business development project, with interest charged on those moneys at the rate of not less than one percentage point more than the prevailing interest rate on United States Treasury bills, notes or bonds of a comparable term, as determined by the commission. The repayment plan, among other matters: (a) Shall provide for commencement of repayment by the applicant of the moneys and interest no later than one year after the date of the loan contract or at such other time as the commission may provide. (b) May provide for reasonable extension of the time for making any repayment in emergency or hardship circumstances if approved by the commission. (c) Shall provide for such evidence of debt assurance of, and security for, repayment by the applicant as is considered necessary by the commission. (d) Shall set forth a schedule of payments and the period of the loan, not to exceed the useful life of the contracted project or 25 years from the date of the contract, whichever is less, and the manner of determining when loan payments are delinquent. The payment schedule shall include repayment of interest that accrues during any period of delay in repayment authorized by paragraph (a) of this subsection, and the payment schedule may require payments of varying amounts for collection of accrued interest. (e) Shall set forth a procedure for formal declaration of default of payment by the commission, including formal notification of all relevant federal, state and local agencies and a procedure for notification of all relevant federal, state and local agencies that declaration of default has been rescinded when appropriate. (f) Shall allow for other forms of payment than principal and interest payments on loans, to be outlined in administrative rules. (2) Provisions satisfactory to the commission for field engineering and inspection, the commission to be the final judge of completion of the contract. (3) That the liability of the state under the contract is contingent upon the availability of moneys in the fund for use in the business development project. (4) Such further provisions as the commission considers necessary to ensure expenditure of the funds for the purposes set forth in the approved application. [Formerly 285.415; 2003 c.167 §3; 2007 c.804 §44; 2009 c.830 §53; 2021 c.19 §2]
OR Rev Stat § 285B.063 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.063 - Annual adjustment of maximum contract amounts.

(1) Beginning with the 2023 calendar year, the Oregon Business Development Department shall annually adjust the maximum contract amounts specified in ORS 285B.059 (1)(e) and 285B.062 by multiplying each amount by the percentage change in the monthly averaged Consumer Price Index for All Urban Consumers, West Region (All Items), as published by the Bureau of Labor Statistics of the United States Department of Labor, for the 12 consecutive months ending on the immediately preceding December 31 compared to the monthly averaged Consumer Price Index for All Urban Consumers, West Region (All Items), for the 12 consecutive months ending on December 31, 2021. (2) Notwithstanding subsection (1) of this section, the adjusted maximum contract amounts specified in ORS 285B.059 (1)(e) and 285B.062 may not be less than $2 million. [2021 c.19 §5]
OR Rev Stat § 285B.065 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.065 - Loans in distressed areas exempt from security and collateral requirements.

The Oregon Business Development Department may make loans in distressed areas, as defined by the department, without regard to the requirements for security and collateral under ORS 285B.059 and 285B.062 that are otherwise applicable. [Formerly 285.416; 2009 c.830 §54]
OR Rev Stat § 285B.068 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.068 - Payment of moneys for project; applicant to pay percentage of loan principal to Oregon Business Development Fund.

(1) If the Oregon Business Development Commission approves a loan for a business development project and the applicant has received all necessary permits required by federal, state and local agencies, the commission shall pay moneys for the project from the Oregon Business Development Fund, in accordance with the terms of the loan contract as prescribed by the commission. (2) Immediately upon receiving the loan proceeds, the applicant shall pay to the commission one and one-half percent of the principal amount of the loan, to be paid back to the Oregon Business Development Fund. A maximum of three percent of the principal amount of the loan may be paid from the fund to local development groups for the purposes set forth in ORS 285B.092 (1)(a). [Formerly 285.417; 2009 c.830 §55]
OR Rev Stat § 285B.080 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.080 - Director as agent; duties; authority to approve loans.

(1) The Oregon Business Development Commission may appoint the Director of the Oregon Business Development Department as the commission’s representative and agent in all matters pertaining to ORS 285B.050 to 285B.098. (2) The director shall ensure that all provisions of ORS 285B.050 to 285B.098 are complied with and that appropriately trained personnel are employed to properly administer the fiscal and other portions of ORS 285B.050 to 285B.098. (3) The director shall have the authority in the director’s sole discretion to approve loans for business development projects in the amount of $250,000 or less and to disburse funds for such projects. [Formerly 285.433; 2009 c.830 §56; 2010 c.106 §§2,6; 2011 c.558 §3]
OR Rev Stat § 285B.081 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.081 - Repayment and collection; rules.

The Oregon Business Development Department shall develop rules governing repayment of loans to the Oregon Business Development Fund and collection of moneys owed the fund. The department may take any action permitted by statute or rule that the department deems necessary for repayment of the loan. [2007 c.804 §49; 2009 c.830 §57] Note: 285B.081 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 285B or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
OR Rev Stat § 285B.083 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.083 - Use of refinancing and other financial assistance for repayment.

Except as provided in ORS 285B.086, if any business development project is refinanced or financial assistance is obtained from other sources after the execution of the loan from the state, those may first be used to repay the state, unless provided otherwise by the committee, if the refinancing or financial assistance applies only to the business development project authorized and does not include any subsequent addition, expansion, improvement or further development. [Formerly 285.435; 2007 c.804 §45]
OR Rev Stat § 285B.086 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.086 - Authorization to lend funds for joint governmental projects or match money; form of loan application; loan limit.

(1) The Oregon Business Development Commission may authorize funds from the Oregon Business Development Fund to be used in appropriate joint governmental participation projects or as match money with any municipally, county, state or federally funded business development project authorized within a county or city, subject to the stipulations of ORS 285B.050 to 285B.098. (2) Any application for a loan under this section shall be in such form as the commission prescribes and shall furnish such proof of federal, state or local approval as appropriate for funding of the business development project. (3) The total amount of moneys loaned from the fund for federal, state or local joint business development project purposes shall not exceed $1 million per project. [Formerly 285.437; 2003 c.167 §4; 2009 c.830 §58]
OR Rev Stat § 285B.089 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.089 - Loan contract; required provisions; repayment schedule.

If the Oregon Business Development Commission approves an application for the loan of moneys authorized by ORS 285B.086, the commission shall enter into a loan contract, secured by good and sufficient collateral as determined by the commission, with the applicant that provides, among other matters: (1) That the loan bear interest at the same rate of interest as provided in ORS 285B.062 (1). (2) That the contract shall set forth a schedule of payments including interest and principal for the period of the loan, which shall not exceed the usable life of the contracted project or 25 years from the date of the contract, whichever is less, and shall set forth the manner of determining when loan payments are delinquent. The same schedule shall include repayment of interest which accrues during any period of delay in repayment authorized by ORS 285B.050 to 285B.098, and the repayment schedule may require payments of varying amounts for collection of that accrued interest. However, the commission may make provisions for extensions of time in making repayment if the delinquencies are caused by acts of God or other conditions beyond the control of the applicant and the security will not be impaired thereby. (3) Such provisions as the commission considers necessary to insure expenditure of the moneys loaned for the purposes provided in ORS 285B.086, including all provisions of ORS 285B.059. [Formerly 285.440; 2007 c.804 §46; 2009 c.830 §59]
OR Rev Stat § 285B.092 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.092 - Oregon Business Development Fund; uses; transfer of unobligated funds.

(1) There is created within the State Treasury a revolving fund known as the Oregon Business Development Fund, separate and distinct from the General Fund. Interest earned by the Oregon Business Development Fund shall be credited to the fund. Moneys in the fund are continuously appropriated to the Oregon Business Development Commission for the following purposes: (a) Administrative expenses of the commission in marketing public business finance, processing applications, investigating proposed business development projects and servicing outstanding loans. In any one year, administrative expenses charged under this paragraph may not be greater than the total revenues received in that year from fees provided for in subsection (2)(a) of this section, plus four percent of the total asset value of the fund. (b) Payment of loans to applicants under ORS 285B.050 to 285B.098. (c) Transfer of moneys to the Small Business Expansion Loan Fund established under ORS 285B.133 in accordance with ORS 285B.133 (3). (d) Actions the commission deems necessary to obtain repayment of outstanding loans. (e) Purchase or buyout of superior or prior liens or mortgages on or a security interest in any business development project financed in part by a loan from the Oregon Business Development Fund, when the commission determines: (A) A loan from the fund is in default and is in liquidation or at risk of being forced into liquidation by another creditor to the project; and (B) The action is necessary to maintain or enhance the value of the commission’s collateral in the project. (2) The fund created by subsection (1) of this section shall consist of: (a) Fees as determined by the commission. (b) Repayment of moneys loaned to counties, municipalities or persons from the fund, including interest on those moneys or including other receipts. (c) Payment of such moneys as may be appropriated to the fund by the Legislative Assembly. (d) Moneys obtained from any interest accrued from funds. (e) Moneys from any grant made to the fund by any federal agency. (3) All repayments, interest and other receipts from outstanding indebtedness or any other source shall be retained and accumulated in the fund and shall be used for the purposes of the fund. (4) Notwithstanding any other provision of law, if at any time there are insufficient funds in established business finance programs, the commission may direct the transfer of unobligated funds from the Oregon Business Development Fund. [Formerly 285.443; 1999 c.247 §3; 1999 c.509 §28; 2003 c.167 §5; 2007 c.804 §47; 2009 c.830 §60; 2018 c.71 §4]
OR Rev Stat § 285B.093 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.093 - Oregon Targeted Development Account; purpose; exemption from minimum interest rate.

(1) The Oregon Business Development Commission may establish the Oregon Targeted Development Account as an account within the Oregon Business Development Fund. (2) The purpose of the Oregon Targeted Development Account is to promote cooperation and foster partnership among the commission, the Oregon Business Development Department and financial institutions in Oregon to encourage investment in distressed areas, as defined by the department. (3) The department may make loans from the Oregon Targeted Development Account in distressed areas without regard to the minimum rate of interest that is otherwise applicable under ORS 285B.062. The department may make loans in distressed areas at an interest rate that is determined by the commission. [1999 c.247 §1; 2003 c.167 §6; 2007 c.804 §48; 2009 c.830 §61]
OR Rev Stat § 285B.098 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.098 - Status of loan to county or municipality; project as security; repayment.

A loan made to a county or municipality under ORS 285B.050 to 285B.098 shall not be a general obligation of that county or municipality, nor a charge upon the tax revenues of that county or municipality, nor a charge upon any other revenues or property of that county or municipality not specifically pledged thereto. A loan made to a county or municipality under ORS 285B.050 to 285B.098 may be secured by the business development project for which the loan is made, as well as by any revenues derived from that project, and any nontax-derived revenues or property of the county or municipality not otherwise pledged or committed for other purposes. A county or municipality may repay any portion of a loan incurred under ORS 285B.050 to 285B.098 from any funds available to it. [Formerly 285.447]
OR Rev Stat § 285B.103 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.103

[2001 c.944 §2; 2003 c.374 §1; renumbered 285C.500 in 2003]
OR Rev Stat § 285B.105 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.105

[2001 c.944 §3; 2003 c.374 §2; renumbered 285C.503 in 2003]
OR Rev Stat § 285B.108 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.108

[2001 c.944 §4; 2003 c.374 §3; renumbered 285C.506 in 2003]