reglab/housing_qa huggingface dataset:
OR Rev Stat § 285B.707 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.707

[Formerly 285.603; 1999 c.1104 §5; 2001 c.957 §3; 2003 c.662 §29; renumbered 285C.135 in 2003]
OR Rev Stat § 285B.710 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.710

[Formerly 285.605; 2003 c.662 §41; renumbered 285C.215 in 2003]
OR Rev Stat § 285B.713 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.713

[Formerly 285.607; 2001 c.957 §4; 2003 c.662 §36; renumbered 285C.180 in 2003]
OR Rev Stat § 285B.714 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.714

[2001 c.883 §39d; 2003 c.662 §38; renumbered 285C.190 in 2003]
OR Rev Stat § 285B.719 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.719

[Formerly 285.613; 2003 c.662 §30; renumbered 285C.140 in 2003]
OR Rev Stat § 285B.722 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.722

[Formerly 285.615; 2003 c.662 §42; renumbered 285C.220 in 2003]
OR Rev Stat § 285B.728 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.728

[Formerly 285.617; 1999 c.1104 §8; 2003 c.662 §46; renumbered 285C.240 in 2003]
OR Rev Stat § 285B.731 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.731

[Formerly 285.620; 2003 c.662 §50; renumbered 285C.260 in 2003]
OR Rev Stat § 285B.740 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.740 - Legislative intent; delegation of loan program responsibilities; powers of department; loan fees.

It is the intent of the Legislative Assembly that in the administration of ORS 285B.740 to 285B.758, the Oregon Business Development Department work closely with regional economic development organizations, community development corporations, small business development centers and organizations that promote and assist minority-owned businesses, woman-owned businesses, businesses that service-disabled veterans own and emerging small businesses, as those terms are defined in ORS 200.005, and utilize policies, priorities and practices that further entrepreneurial and small business development in rural communities. The department, to the maximum extent feasible and consistent with prudent financial controls, may delegate the administration and operation of the loan program created by ORS 285B.740 to 285B.758 to local and community-based entities. To carry out the policy described in this section: (1) The department may contract with any nonprofit corporation or agency with experience and expertise in business finance to administer all or any part of the loan program created by ORS 285B.740 to 285B.758. (2) When entering into an agreement for the administration of the loan program by any nonprofit corporation or agency, the department may agree to waive any claims it may have against such corporation or agency for losses arising out of the normal course of business, as long as the corporation or agency does not act negligently or fraudulently in providing loans under ORS 285B.740 to 285B.758. (3) When entering into an agreement to have a nonprofit corporation or agency administer the loan program created by ORS 285B.740 to 285B.758, the department may pay loan origination and loan servicing fees to the corporation or agency. The amount of such fees may be determined in the agreement between the department and the administering corporation or agency. [1991 c.688 §12; 2007 c.804 §79; 2009 c.830 §130; 2014 c.3 §2; 2015 c.565 §17]
OR Rev Stat § 285B.743 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.743 - Application for entrepreneurial development loan; eligibility; rules.

(1) Any individual or business firm may file with the Oregon Business Development Department an application to borrow money from the Oregon Entrepreneurial Development Loan Fund as provided in ORS 285B.740 to 285B.758. The application shall be filed in such a manner and contain or be accompanied by such information as the department may require. (2) Upon receipt of an application under this section, the department shall determine whether the applicant is eligible to receive a loan under ORS 285B.740 to 285B.758. The department may adopt rules for processing applications from applicants that are not eligible to receive a loan under this section. [1991 c.688 §7; 2001 c.684 §21; 2007 c.804 §37; 2009 c.830 §131]
OR Rev Stat § 285B.749 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.749 - Additional conditions for loan approval; maximum term and amount of loan.

(1) The Oregon Business Development Department may approve an entrepreneurial development loan under ORS 285B.740 to 285B.758 if, after investigation, it finds that: (a) The loan has a reasonable prospect of repayment from cash flow and collateral and is secured by good and sufficient collateral; and (b) The applicant provides equity funds for the project in the form of cash or property in an amount equal to or greater than 20 percent of the amount of the loan. (2) The department shall determine the amount of the initial loan and any subsequent loan to the borrower. The maximum of all loans to a borrower from the Oregon Entrepreneurial Development Loan Fund may not exceed $250,000. (3) Entrepreneurial development loans shall be made for a period not exceeding 10 years at a rate of interest that does not exceed 18 percent per annum. [1991 c.688 §9; 1997 c.147 §6; 2007 c.804 §39; 2009 c.830 §133; 2010 c.106 §§4,8; 2011 c.558 §5; 2014 c.3 §3; 2020 s.s.2 c.10 §26] Note: The amendments to 285B.749 by section 27, chapter 10, Oregon Laws 2020 (second special session), become operative, and apply to applications for loans filed on or after, January 1, 2025. See section 29, chapter 10, Oregon Laws 2020 (second special session), as amended by section 2, chapter 20, Oregon Laws 2021. The text that is operative on and after January 1, 2025, is set forth for the user’s convenience. (1) The Oregon Business Development Department may approve an entrepreneurial development loan under ORS 285B.740 to 285B.758 if, after investigation, it finds that: (a) The loan has a reasonable prospect of repayment from cash flow and collateral and is secured by good and sufficient collateral; and (b) The applicant provides equity funds for the project in the form of cash or property in an amount equal to or greater than 20 percent of the amount of the loan. (2) The department shall determine the amount of the initial loan and any subsequent loan to the borrower. The maximum of all loans to a borrower from the Oregon Entrepreneurial Development Loan Fund may not exceed $100,000. (3) Entrepreneurial development loans shall be made for a period not exceeding 10 years at a rate of interest that does not exceed 18 percent per annum.
OR Rev Stat § 285B.758 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.758 - Oregon Entrepreneurial Development Loan Fund; uses.

(1) There is established in the State Treasury, separate and distinct from the General Fund, the Oregon Entrepreneurial Development Loan Fund. All moneys in the fund are continuously appropriated to the Oregon Business Development Department for the following purposes: (a) Administrative costs of the department incurred in processing loan applications, investigating the eligibility of loan applicants and servicing outstanding loans; (b) Paying for loan origination and loan servicing by contractors under ORS 285B.740 to 285B.758; and (c) Payment of loans to applicants under ORS 285B.740 to 285B.758. (2) The Oregon Entrepreneurial Development Loan Fund shall consist of: (a) Moneys appropriated to the fund by the Legislative Assembly; (b) Interest earned on moneys in the fund; and (c) Moneys received as repayment of principal and interest on loans made from the fund under ORS 285B.740 to 285B.758. [1991 c.688 §13; 2009 c.830 §134]
OR Rev Stat § 285B.764 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.764 - Definitions for ORS 285B.764 to 285B.775.

As used in ORS 285B.764 to 285B.775: (1) "Eligible business" means one of the following businesses as defined in ORS 200.005 that is operated for profit and has been certified by the Certification Office for Business Inclusion and Diversity under ORS 200.055 at the time an application is referred on behalf of the business to the Oregon Business Development Department under ORS 285B.771: (a) A disadvantaged business enterprise; (b) A minority-owned business; (c) A woman-owned business; (d) A business that a service-disabled veteran owns; or (e) An emerging small business. (2) "Prime rate" means the primary credit rate of the discount window program of the United States Federal Reserve System. (3) "Technical assistance provider" means a small business development center established under ORS 285B.165 to 285B.171 or a culturally specific business association or chamber that provides one-on-one business counseling services. [2021 c.676 §11] Note: 285B.764 to 285B.775 were enacted into law by the Legislative Assembly but were 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.766 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.766

[2001 c.932 §5; renumbered 285C.300 in 2003]
OR Rev Stat § 285B.767 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.767

[2001 c.932 §6; renumbered 285C.303 in 2003]
OR Rev Stat § 285B.768 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.768 - Oregon Business Development Department to develop and implement loan program; limits and requirements.

(1) The Oregon Business Development Department shall develop and implement a program to make loans to eligible businesses. (2) Loans made under the program may be for the following amounts: (a) For eligible businesses that have operated for less than two years, up to $100,000. (b) For eligible businesses that have operated for two years or more, up to $250,000. (3)(a) The term of a loan may not exceed 10 years. (b)(A) Interest on a loan shall be charged at the prime rate plus two percent. (B) Notwithstanding subparagraph (A) of this paragraph, the rate of interest may be increased for risk based on the loan-to-value ratio. (c) Loans shall be subject to business underwriting standards used in secondary markets. (d) To the extent possible, loans must be secured by business and personal assets. (e) Loans shall require standard commercial loan documentation, including reasonable provisions related to default that the department may adopt by rule. (4) An eligible business may use the proceeds of a loan made pursuant to this section for equipment, inventory, fixtures and working capital or other business-related expenses other than capital costs. [2021 c.676 §12] Note: See note under 285B.764.
OR Rev Stat § 285B.770 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.770

[2001 c.932 §7; renumbered 285C.306 in 2003]
OR Rev Stat § 285B.773 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.773

[2001 c.932 §8; renumbered 285C.309 in 2003]
OR Rev Stat § 285B.774 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.774 - Disadvantaged and Emerging Small Business Loan Fund.

(1) There is established in the State Treasury, separate and distinct from the General Fund, the Disadvantaged and Emerging Small Business Loan Fund. All moneys in the fund are continuously appropriated to the Oregon Business Development Department for the purposes of: (a) Paying the actual costs of the department in administering the loan program developed and implemented under ORS 285B.764 to 285B.775; and (b) Making loans under the loan program developed and implemented under ORS 285B.764 to 285B.775. (2) The Disadvantaged and Emerging Small Business Loan Fund shall consist of: (a) Moneys appropriated or otherwise allocated or transferred to the fund by the Legislative Assembly; (b) Interest earned on moneys in the fund; (c) Moneys received as repayment of principal and interest on loans made from the fund under ORS 285B.764 to 285B.775; and (d) Moneys or property of any kind received by the department for deposit in the fund from any source. [2021 c.676 §14] Note: See note under 285B.764.
OR Rev Stat § 285B.775 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.775 - Annual report by Oregon Business Development Department to legislature.

(1) On or before September 15 of each year, the Oregon Business Development Department shall submit, in the manner provided in ORS 192.245, to the interim legislative committees related to economic development, a report containing the following information about the loan program developed and implemented under ORS 285B.764 to 285B.775: (a) The number of loans made; (b) The amounts of the loans made; (c) Demographic information about the eligible businesses that received loans that is voluntarily given to the department; (d) The number of referrals from technical assistance providers under ORS 285B.771; (e) The number of loan applications that were rejected and the reasons for the rejections; (f) Demographic information about the eligible businesses whose applications were rejected that is voluntarily given to the department; and (g) Any other information the department considers significant in evaluating the loan program. (2) The report may include information from periodic reports provided to the department by technical assistance providers under ORS 285B.771 (4)(b). [2021 c.676 §15] Note: See note under 285B.764.
OR Rev Stat § 285B.776 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.776

[2001 c.932 §9; renumbered 285C.320 in 2003]
OR Rev Stat § 285B.780 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.780 - Purpose.

It is the purpose of ORS 285B.780 to 285B.799 that the State of Oregon shall make awards to qualified lending institutions to fund lenders’ loan loss reserve accounts for the purpose of increasing lending to business owners and entrepreneurs who currently lack access to capital to start or grow their businesses. [2021 c.676 §1] Note: 285B.780 to 285B.799 were enacted into law by the Legislative Assembly but were 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.781 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.781

[1997 c.835 §36; 1999 c.1104 §10; 2001 c.292 §1; 2003 c.239 §1; renumbered 285C.400 in 2003]
OR Rev Stat § 285B.783 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.783

[1997 c.835 §37; 1999 c.1104 §11; 2001 c.292 §2; renumbered 285C.403 in 2003]
OR Rev Stat § 285B.784 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.784 - Definitions for ORS 285B.780 to 285B.799.

As used in ORS 285B.780 to 285B.799, unless the context requires otherwise: (1) "Loan loss reserve account" or "account" means an account created by a lender for the deposit of moneys awarded to the lender under ORS 285B.787 out of which the lender may reimburse itself for losses incurred due to defaults on qualified loans. (2) "Prime rate" means the primary credit rate of the discount window program of the United States Federal Reserve System. (3) "Qualified business" or "qualified borrower" means a person that: (a) Operates a business in Oregon; or (b) Attests to a qualified lender that the person will use proceeds from a qualified loan to establish a business in Oregon. (4) "Qualified lender" means a lender that: (a) Is certified as a community development financial institution by the Community Development Financial Institutions Fund at the United States Department of the Treasury; (b) Is a nonprofit corporation as defined in ORS 307.130; (c) Is an economic development district in Oregon designated by the Economic Development Administration of the United States Department of Commerce; (d) Is affiliated with a local government as defined in ORS 174.116; and (e) Has a physical presence in Oregon and at least five years of lending experience. (5)(a) "Qualified loan" means a loan made, or an operating line of credit extended, by a lender to a qualified business for which the principal losses are reimbursable from moneys in the lender’s loan loss reserve account. (b) "Qualified loan" does not mean a loan: (A) With a variable interest rate. (B) With an origination fee that exceeds 1.5 percent, and with an annual interest rate that exceeds the lesser of 18 percent or the prime rate plus 7 percent. (C) For working capital for a term exceeding seven years. (D) For capital assets for a term exceeding the useful life of the assets. (E) That includes, in whole or in part, the refinancing of an existing loan made by the lender to the borrower. (F) That includes, in whole or in part, the refinancing of an existing personal loan not used for business purposes. (G) For the purchase of real property that is not used for the business operations of the borrower. (H) For the purchase of owner-occupied residential housing or for the construction, improvement or purchase of residential housing owned or to be owned by the borrower. (6) "RFP" means a request for proposal. [2021 c.676 §2] Note: See note under 285B.780.
OR Rev Stat § 285B.786 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.786

[1997 c.835 §38; 1999 c.1104 §12; 2001 c.292 §5; 2003 c.662 §56a; renumbered 285C.409 in 2003]
OR Rev Stat § 285B.787 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.787 - RFP process for awards to lenders; limits; approval criteria.

(1)(a) The Oregon Business Development Department shall, in accordance with this section, make awards to lenders to fund the lenders’ loan loss reserve accounts. (b) The awards shall be made, through a competitive RFP process administered by the department. (c) Of the moneys awarded as a result of any RFP process, not more than 10 percent of available funds may be awarded to any single lender. (2) The department shall evaluate proposals according to the following criteria: (a) The number and value of loans closed by the lender during the five-year period immediately preceding the date of submission of the lender’s proposal; (b) The projected loan production over the performance period of the award, including the projected number of loans, the proposed principal amount of qualified loans that the lender would not make but for the moneys awarded, and the jobs to be created and retained by qualified borrowers; (c) How the award would increase the lender’s capacity to make loans to rural or underserved entrepreneurs; (d) The past performance of loans made by the lender; (e) The extent to which the lender: (A) Provides technical assistance and financial literacy services to underserved borrowers; or (B) Partners with providers of technical assistance and financial literacy services to underserved borrowers; (f) How the lender’s proposed outreach, application process, underwriting criteria and loan terms are designed to reduce historic barriers to borrowers’ access to loan capital; (g) How the lender plans to ensure that the loans originated by the lender under the program are made to borrowers in regionally diverse and rural areas of this state; and (h) Any other criteria the department considers necessary or useful for evaluating a proposal. (3)(a) After reviewing proposals submitted in response to an RFP, the department shall reject or accept proposals and determine the amount awarded for each accepted proposal. (b) As soon as practicable after the awards are finalized, the department shall notify the lenders that submitted proposals of the results and offer the awards to the lenders whose proposals are accepted. [2021 c.676 §3] Note: See note under 285B.780.
OR Rev Stat § 285B.789 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.789

[2001 c.292 §3; 2003 c.558 §1; 2003 c.662 §57; renumbered 285C.412 in 2003]
OR Rev Stat § 285B.790 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.790

[2001 c.292 §4; renumbered 285C.415 in 2003]