reglab/housing_qa huggingface dataset:
OR Rev Stat § 285B.791 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.791 - Agreements with lenders; terms; waiver and breach of lender obligations upon borrower default; minimum total loan principal amount.

(1) The Oregon Business Development Department shall enter into a written agreement with each lender that accepts an award offered under ORS 285B.787. (2) A written agreement entered into pursuant to this section must: (a) Provide for the creation of a loan loss reserve account by the lender for the deposit of moneys awarded under ORS 285B.787 out of which the lender may be reimbursed for principal losses incurred due to defaults on qualified loans; (b) Provide that, notwithstanding ORS chapter 293 or 295, the lender shall establish and maintain the loan loss reserve account with a financial institution, as defined in ORS 706.008, in accordance with such policies as the department may adopt; (c) Require the lender to designate, when a loan is made, whether the loan is a qualified loan; (d) Provide that, upon default on a qualified loan, the lender shall, subject to subsection (3) of this section, liquidate the borrower’s assets and exhaust all lawful remedies for the benefit of the lender before the lender may recover the outstanding principal balance of the loan from the lender’s loan loss reserve account; (e) Provide that the liability of the State of Oregon and the department under the written agreement is limited to the amount of moneys awarded and credited to the lender’s loan loss reserve account; and (f) Require the lender to file an annual report in accordance with ORS 285B.794. (3)(a) Notwithstanding the requirement under subsection (2)(d) of this section to liquidate a borrower’s assets and exhaust all lawful remedies, the department, upon request of a lender, may waive the lender’s obligations under subsection (2)(d) of this section if: (A) The original principal amount of the loan was not greater than $25,000; and (B) The borrower had a personal net worth not greater than $75,000 at both the time of application and the time of default. (b) A lender that does not comply with subsection (2)(d) of this section or paragraph (a) of this subsection shall be considered to have breached the written agreement the lender entered into pursuant to subsection (1) of this section. The department, at its sole discretion, may take assignment of the loan and pursue collection efforts under subsection (2)(d) of this section. (4) Qualified lenders that accept awards under ORS 285B.787 shall, within 10 years following the date on which the written agreement entered into pursuant to subsection (1) of this section becomes binding, originate qualified loans with a total principal amount equal to at least four times the amount of the moneys awarded. [2021 c.676 §4] Note: See note under 285B.780.
OR Rev Stat § 285B.793 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.793

[1997 c.835 §39; 1999 c.1104 §13; 2001 c.292 §6; renumbered 285C.420 in 2003]
OR Rev Stat § 285B.794 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.794 - Annual report by lenders.

(1) Not later than July 31 of each year, each lender awarded moneys under ORS 285B.787 shall, during the term of the written agreement entered into under ORS 285B.791, provide a report to the Oregon Business Development Department, on a form prescribed by the department, for the period beginning on July 1 of the immediately preceding year and ending on June 30 of the current year. (2) With respect to qualified loans made by the lender, the report shall include, but not be limited to, the following information: (a) The number and total principal amount of all qualified loans made by the lender; (b) For each qualified loan, the following information: (A) The term and amortization of the loan; and (B) The purpose of the loan; (c) The number of loans that were declined and the primary reasons for declining them; and (d) Any other information required under rules adopted by the department. (3) With respect to qualified borrowers, the report shall set forth: (a) The businesses that qualified borrowers conduct in this state; (b) The cities and counties in which qualified borrowers use the qualified loan proceeds; (c) The number of individuals employed by the qualified businesses; (d) Demographic data voluntarily reported by qualified borrowers, including, but not limited to, whether a qualified business is owned by a woman, a minority individual, a veteran of any branch of the Armed Forces of the United States, the National Guard or other reserve component, a low income person or a person operating the business in a rural area of this state; and (e) Outreach conducted by the lender to rural and underserved communities. (4) The department may require any lender to include in the report financial information that is identifiable with, or from, the financial records of a borrower. [2021 c.676 §5] Note: See note under 285B.780.
OR Rev Stat § 285B.796 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.796

[2001 c.292 §7; 2003 c.662 §59; renumbered 285C.406 in 2003]
OR Rev Stat § 285B.797 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.797 - Release of lender and use of balance in account; repayment of balance.

(1)(a) A lender shall be released from any obligation under a written agreement entered into under ORS 285B.791, and may use for any purpose whatever any balance in the lender’s loan loss reserve account, if the lender has: (A) Performed under the written agreement entered into with the Oregon Business Development Department for at least 10 years; (B) Attained during the 10-year period, as required under ORS 285B.791 (3), a ratio of four-to-one of total principal amount of qualified loans made by the lender to the amount of moneys awarded to the lender under ORS 285B.787; and (C) Complied with the annual reporting requirements under ORS 285B.794. (b) A release under this section does not absolve a lender of any contractual obligations owed to a qualified borrower under a qualified loan agreement. (2) A lender shall repay to the department for deposit in the General Fund the balance of moneys awarded to the lender under ORS 285B.787 in the lender’s loan loss reserve account if the department determines that: (a) The lender has not made a qualified loan for 24 consecutive months; (b) The lender has become insolvent or has ceased lending operations in Oregon; (c) The lender has failed to perform in any material way under the written agreement entered into with the department pursuant to ORS 285B.791; (d) The lender made material misrepresentations in the RFP submitted under ORS 285B.787 or in an annual report required under ORS 285B.794; or (e) The lender or the lender’s loan loss reserve account portfolio has been sold, transferred or assigned, in whole or part. [2021 c.676 §6] Note: See note under 285B.780.
OR Rev Stat § 285B.799 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.799 - Biennial report by Oregon Business Development Department to legislature.

On or before September 15 of each even-numbered year, the Oregon Business Development Department shall submit, in the manner required under ORS 192.245, to the interim committees of the Legislative Assembly related to economic development, a report that sets forth the following information: (1) The number and total dollar amount of RFPs received under ORS 285B.787; (2) The number of awards and the amount of moneys awarded under ORS 285B.787; (3) Information described in ORS 285B.787 (2)(b) from the approved proposals; (4) Aggregated lender and qualified borrower data, including demographic data reported by lenders under ORS 285B.794 (3)(d); (5) The aggregate performance of qualified loans; (6) The average interest rate, term and amount of qualified loans; (7) The cities and counties in which qualified borrowers use the qualified loan proceeds; and (8) Any other information the department considers necessary or useful to include in the report. [2021 c.676 §7] Note: See note under 285B.780. Note: Section 9, chapter 676, Oregon Laws 2021, provides: Sec. 9. Program evaluation by legislature; recommendations. (1) Not later than September 15, 2029, the interim committees of the Legislative Assembly related to economic development shall evaluate the effectiveness of the lenders’ loan loss reserve account program established under sections 1 to 7 of this 2021 Act [285B.780 to 285B.799] and develop recommendations for legislation, including appropriations. (2) In making the evaluation under subsection (1) of this section, the interim committees shall: (a) Consult with the Oregon Business Development Department and with lenders that have entered into written agreements with the department under section 4 of this 2021 Act [285B.791] and made qualified loans and with any other persons the interim committees consider necessary or useful; and (b) Consider the biennial reports submitted by the department under section 7 of this 2021 Act [285B.799] and any other information the interim committees consider necessary or useful. [2021 c.676 §9]
OR Rev Stat § 285B.825 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.825

[2001 c.888 §2; renumbered 285C.450 in 2003]
OR Rev Stat § 285B.827 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.827

[2001 c.888 §3; renumbered 285C.453 in 2003]
OR Rev Stat § 285B.830 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.830

[2001 c.888 §4; renumbered 285C.456 in 2003]
OR Rev Stat § 285B.833 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.833

[2001 c.888 §5; renumbered 285C.459 in 2003]
OR Rev Stat § 285B.836 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.836

[2001 c.888 §6; renumbered 285C.480 in 2003]
OR Rev Stat § 285B.839 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.839

[2001 c.888 §7; 2003 c.773 §53; renumbered 285C.465 in 2003]
OR Rev Stat § 285B.842 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.842

[2001 c.888 §8; renumbered 285C.468 in 2003]
OR Rev Stat § 285B.845 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.845

[2001 c.888 §9; renumbered 285C.471 in 2003]
OR Rev Stat § 285B.848 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.848

[2001 c.888 §10; renumbered 285C.462 in 2003]
OR Rev Stat § 285C.045 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.045 - Short title.

ORS 285C.050 to 285C.250 shall be known and may be cited as the Oregon Enterprise Zone Act. [Formerly 285C.260]
OR Rev Stat § 285C.055 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.055 - Legislative purpose.

The Legislative Assembly finds and declares that the health, safety and welfare of the people of this state are dependent upon the continued encouragement, development, growth and expansion of employment, business, industry and commerce throughout all regions of the state, but especially in those communities at the center of or outside major metropolitan areas for which geography may act as an economic hindrance. The Legislative Assembly further declares that there are areas in the state that need the particular attention of government to help attract private business investment into these areas and to help resident businesses to reinvest and grow and that many local governments wish to have tax incentives and other assistance available to stimulate sound business investments that support and improve the quality of life. Therefore, it is declared to be the purpose of ORS 285C.050 to 285C.250 to stimulate and protect economic success in such areas of the state by providing tax incentives for employment, business, industry and commerce and by providing adequate levels of complementary assistance to community strategies for such interrelated goals as environmental protection, growth management and efficient infrastructure. [Formerly 285B.665]
OR Rev Stat § 285C.060 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.060 - Duties of Oregon Business Development Department; rules.

In addition to any other powers granted by law, for the purpose of administering ORS 285C.050 to 285C.250, the Oregon Business Development Department shall: (1) Adopt any rules the department considers necessary to administer ORS 285C.050 to 285C.250. (2) Assist a sponsor of an enterprise zone in its efforts to retain, expand, start or recruit eligible business firms. (3) Assist an eligible business firm doing business within an enterprise zone to obtain the benefits of applicable incentive or inducement programs authorized by Oregon law. (4) Take action necessary to participate in the federal enterprise zone program pursuant to ORS 285C.085. (5) Take action necessary to ensure that zones designated by sponsors comply with statutory requirements. (6) Assist in implementing first-source hiring agreements by publicly funded job training providers with authorized business firms and in ensuring compliance with business firm eligibility requirements and with provisions addressing the avoidance of job losses outside of enterprise zones. [Formerly 285B.668; 2015 c.648 §2]
OR Rev Stat § 285C.065 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.065 - Designation of enterprise zone; consent of governing body; positive determination by department required.

(1) Any city, county or port may designate an area within the city, county or port as an enterprise zone. A port shall obtain the consent of the governing body of the county prior to designating an area as an enterprise zone. With the prior consent of the governing body of the city or port, a county may, on behalf of a city or port, designate any area within the city or port as an enterprise zone. With the prior consent of the governing body of a city, a port may, on behalf of a city, designate any area that is wholly or partially shared territory of both the port and city as an enterprise zone. With the prior consent of the governing body of a port, a city may, on behalf of a port, designate any area that is wholly or partially shared territory of both the city and port as an enterprise zone. (2) One or more cities, counties and ports may designate an area situated partly within each city and partly in unincorporated territory within the counties or ports as an enterprise zone. (3) Designation of an enterprise zone under this section shall be made by resolution of the governing body of the city, county or port and is not final until a positive determination in favor of the zone has been made by the Oregon Business Development Department under ORS 285C.074. [Formerly 285B.656; 2005 c.704 §4; 2015 c.648 §3]
OR Rev Stat § 285C.066 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.066 - Department may adopt certain rules.

The Oregon Business Development Department may adopt rules related to: (1) The consent required by resolution of the governing body of a city, county or port under ORS 285C.065 (1) in order for a city, county or port to designate an enterprise zone. (2) The number of enterprise zones that may be designated within a city or other jurisdiction. [2005 c.704 §5; 2015 c.648 §4]
OR Rev Stat § 285C.067 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.067 - Consultation with local taxing districts; rules.

(1) A city, county or port that seeks to designate an enterprise zone under ORS 285C.065 or 285C.250 shall consult with all local taxing districts with territory in the zone prior to designating the zone. (2) The Oregon Business Development Department may adopt rules on the consultations required under subsection (1) of this section and procedures related to the consultations. [2005 c.704 §6; 2015 c.648 §5]
OR Rev Stat § 285C.068 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.068 - Port cosponsorship of zones.

(1) A port located in whole or in part within an existing enterprise zone may be added as a cosponsor of the enterprise zone by resolution of the governing body of the port, subject to the consent of the existing zone sponsor and with notice to the Oregon Business Development Department. (2) The addition of a port as a cosponsor of an existing enterprise zone under this section does not change the termination date of the enterprise zone under ORS 285C.245 (2). [2005 c.704 §14; 2015 c.648 §6]
OR Rev Stat § 285C.070 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.070 - Election to permit hotels, motels or destination resorts as eligible business firms; procedures; election revocation.

(1) The governing body of a city or county that is designating an enterprise zone under ORS 285C.065 or 285C.250 may elect to permit a business firm operating a hotel, motel or destination resort to be an eligible business firm with respect to those operations. (2) The election must be made at the time the zone is designated or any time thereafter and before the expiration of six months following the date the zone is designated. (3) The election shall be made by a resolution adopted by the city or county governing body. In order for the election to be effective, the resolution must be submitted to the Oregon Business Development Department and acknowledged by the department. (4)(a) If more than one city or county is to be the sponsor, the resolution making the election may restrict the area in which a hotel, motel or destination resort may be located in order for the firm to be an eligible business firm with respect to those operations. (b) The resolution making the restriction described in paragraph (a) of this subsection may only restrict the area of the zone in which a hotel, motel or destination resort may be located to that area of the zone that is located: (A) Within the boundaries of one or more cities in favor of hotel, motel and destination resort exemption, if the county is not in favor of hotel, motel and destination resort exemption; (B) Within the unincorporated territory of a county in favor of hotel, motel and destination resort exemption, if one or more cities are not in favor of hotel, motel and destination resort exemption; or (C) Within the shared territory of a city and county in favor of hotel, motel and destination resort exemption and the unincorporated territory of the county, if one or more other cities are not in favor of hotel, motel and destination resort exemption. (c) If a restriction is made under this subsection, the restriction may be modified at any time within six months of the date the zone is designated, but may not be modified at any time thereafter. (5) The sponsor may by resolution revoke an election made under this section. If an election is revoked, the sponsor may not make another election under this section. [2003 c.662 §17; 2015 c.648 §7]
OR Rev Stat § 285C.074 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.074 - Documentation for zone designation or redesignation to be submitted to department; requirements for positive determination.

(1)(a) No sooner than the 45th day following compliance with ORS 285C.078 (1), a zone sponsor shall submit to the Oregon Business Development Department documentation of the sponsor’s designation of an enterprise zone under ORS 285C.065 or 285C.250. (b) For purposes of this subsection, the documentation submitted to the department must include: (A) A map clearly indicating the designated zone boundary; (B) A description and geographic information system data for the area inside the zone; and (C) Any other information required by the department for the purposes of making a determination under this section. (2) As soon as practicable after receipt of the documentation required under subsection (1) of this section, the department shall notify the zone sponsor of the department’s determination. (3)(a) The department’s determination shall be positive and final if the requirements of this section and ORS 285C.065, 285C.067 and 285C.090 are met. (b) The designation shall take effect on the date on which the latest resolution of the sponsoring or consenting city, county or port was adopted. (4)(a) If the department’s determination is negative, the notice required under subsection (2) of this section must state the reasons for the negative determination. (b) The zone sponsor may resubmit documentation for a determination under this section and the sponsor and the department may discuss changes in the documentation necessary for a positive determination under this section. (c) If the sponsor resubmits documentation and the department makes a positive determination, the designation shall take effect on the date on which the latest resolution of the sponsoring or consenting city, county or port was adopted, or the date on which any outstanding requirement for designation is satisfied, as stipulated in the department’s determination. [2015 c.648 §10]
OR Rev Stat § 285C.078 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285C - Economic Development III|Section 285C.078 - Notification to department of intent to make designation of enterprise zone or zone or city for electronic commerce; required consultation.

(1) Before submitting documentation, as required under ORS 285C.074 or 285C.102, as applicable, of the designation of an enterprise zone under ORS 285C.065 or 285C.250 or a zone or city for electronic commerce under ORS 285C.095 or 285C.100, respectively, the zone sponsor or the governing body of the city shall formally advise the Oregon Business Development Department of the zone sponsor’s or the city’s intent to make the designation. (2)(a) As soon as practicable after receipt of a formal advisory required under subsection (1) of this section, the department shall contact the zone sponsor or the governing body of the city to arrange a consultation about the designation. (b) After the consultation required under this subsection, the zone sponsor or the governing body of the city may submit to the department documentation of the designation, at the time and in the manner required under ORS 285C.074 or 285C.102, as applicable. (3) A formal advisory submitted pursuant to subsection (1) of this section does not obligate the zone sponsor or the governing body of the city to make the designation. [2015 c.648 §28]