reglab/housing_qa huggingface dataset:
OR Rev Stat § 285B.533 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.533 - Issuance of infrastructure lottery bonds; amount; use of bond proceeds.

(1) Infrastructure lottery bonds shall be issued under ORS 286A.560 to 286A.585 only at the request of the Director of the Oregon Business Development Department. Infrastructure lottery bonds may be issued in an amount sufficient to provide no more than $6 million of net proceeds to pay costs of infrastructure projects, plus the amounts required to pay bond-related costs. (2) The net proceeds from the sale of the infrastructure lottery bonds shall be allocated to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority for the State of Oregon’s match of federal moneys under the Safe Drinking Water Act. (3) The net proceeds from the sale of the infrastructure lottery bonds that are available to pay costs of infrastructure projects shall be credited to the Water Fund created by ORS 285B.563. All such net proceeds are appropriated continuously to the Oregon Business Development Department for the authority only for payment of costs of infrastructure projects described in subsection (2) of this section and for payment of bond-related costs that are allocable to infrastructure lottery bonds. (4) The authority and any municipality receiving proceeds of infrastructure lottery bonds shall, if so directed by the Oregon Department of Administrative Services, take any action specified by the Oregon Department of Administrative Services that is necessary to maintain the excludability of lottery bond interest from gross income under the United States Internal Revenue Code. [1997 c.800 §17; 1999 c.44 §25; 2007 c.783 §105a; 2009 c.830 §114] Note: See note under 285B.530.
OR Rev Stat § 285B.548 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.548 - Amount of infrastructure lottery bonds.

Infrastructure lottery bonds may not be issued in excess of the amounts permitted by ORS 286A.035. [1997 c.800 §22; 2007 c.783 §106] Note: See note under 285B.530.
OR Rev Stat § 285B.560 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.560 - Definitions for ORS 285B.560 to 285B.599.

As used in ORS 285B.560 to 285B.599: (1) "Direct project management costs" means new expenses incurred by a municipality solely to support, plan for and manage an infrastructure project, funded in whole or in part through financial assistance under ORS 285B.560 to 285B.599, during the planning and construction phases of the project. (2) "Fund" means the Water Fund. (3) "Municipality" has the meaning given that term in ORS 285B.410. (4) "Safe drinking water project" means a project for constructing or improving a drinking water system or a water development project, as defined in ORS 541.700 (6)(a), (b) and (d) to (f), that is owned and operated by a municipality. (5) "Waste water system improvement project" means a project for constructing or improving a system for waste water collection or treatment, including storm drainage systems. (6) "Water project" means a safe drinking water project or a waste water system improvement project. [Formerly 285.755; 2001 c.883 §36; 2009 c.830 §121]
OR Rev Stat § 285B.566 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.566 - Use of awards.

All payments, receipts and interest from financial awards made for water projects shall be retained and accumulated in the Water Fund and used to finance water projects including payments to holders of revenue bonds issued under ORS 285B.575. [Formerly 285.760]
OR Rev Stat § 285B.569 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.569 - When constitutional restrictions apply to use of certain funds.

If moneys are transferred to the Water Fund from the sources described in ORS 285B.563 (5)(b) to (e), all constitutional restrictions, statutes and rules regulating the use of the moneys transferred from these funds shall apply to the use of those moneys in the Water Fund. [Formerly 285.763]
OR Rev Stat § 285B.572 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.572 - Eligibility of project for revenue bond financing; rules; decision to issue bonds.

(1) The Oregon Infrastructure Finance Authority shall determine eligibility of a water project for revenue bond financing under ORS 285B.560 to 285B.599 pursuant to rules adopted by the Oregon Business Development Department. (2) Upon determining that a water project is eligible for revenue bond financing, the authority shall forward a description of the project to the State Treasurer. The State Treasurer shall determine whether to issue revenue bonds. [Formerly 285.950; 2009 c.830 §123]
OR Rev Stat § 285B.575 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.575 - Issuance of revenue bonds.

(1) At the request of the Oregon Business Development Department, the State Treasurer may issue in the name of the State of Oregon revenue bonds secured by moneys paid to the Water Fund and pledged to finance or refinance in whole or in part the cost of a water project. The revenue bonds issued under this section shall be issued in the manner prescribed by ORS chapter 286A, and refunding bonds may be issued to refinance the revenue bonds. (2) The department or the State Treasurer may appoint bond counsel as prescribed under ORS 286A.130. [Formerly 285.952; 2001 c.536 §3; 2003 c.794 §242; 2007 c.783 §108; 2009 c.830 §124]
OR Rev Stat § 285B.578 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.578 - Nature of revenue bonds.

(1) Revenue bonds issued under ORS 285B.575: (a) Shall not be payable from nor charged upon any fund other than the revenue pledged to the payment of the revenue bonds, except as provided in this section, nor shall the state be subject to any liability on the bonds. No holder of revenue bonds shall ever have the right to compel any exercise of the taxing power of the state to pay any such bonds or the interest on the bonds, nor to enforce payment of the bonds against any property of the state except those moneys pledged in the Water Fund, under the provisions of ORS 285B.560 to 285B.599. (b) Shall not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the state, except those moneys paid to the Water Fund. (2) A revenue bond issued under ORS 285B.575 shall not constitute a debt of the state or a lending of the credit of the state within the meaning of any constitutional or statutory limitation. [Formerly 285.954; 2001 c.883 §38]
OR Rev Stat § 285B.581 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.581 - Repayment plans; required provisions; loan contract; sources for repayment.

(1) Any loan of moneys to a municipality by the state shall include a plan for repayment by the municipality of moneys borrowed from the Water Fund for a water project and interest on those moneys at a rate expressly specified. The repayment plan: (a) Shall provide for evidence of debt assurance of, and security for, repayment by the municipality as is considered necessary by the Oregon Infrastructure Finance Authority. (b) May set forth the allocation of special assessments or contractual responsibilities among the owners of benefited properties for repayment to the municipality of the amount of the loan. (c) May not exceed the usable life of the contracted project or 30 years from the year of project completion, whichever is less. (2) Notwithstanding any other provision of law or any restriction on indebtedness contained in a charter, a municipality may borrow from the fund by entering into a loan contract with the authority. The contract may be repaid from: (a) The revenues of any water project, including special assessment revenues; (b) Amounts withheld under ORS 285B.599; (c) The general fund of the municipality; or (d) Any other source. (3) A loan contract authorized under subsection (2) of this section may provide that a portion of the proceeds of the loan be applied to fund a reserve fund to secure the repayment of the loan or secure the repayment of revenue bonds issued to fund the loan. (4) A loan contract authorized under subsection (2) of this section shall be authorized by an ordinance, order or resolution adopted by the governing body of the municipality. [Formerly 285.956; 2001 c.883 §39; 2005 c.835 §22; 2009 c.830 §125; 2013 c.404 §1]
OR Rev Stat § 285B.584 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.584 - Powers of authority.

The Oregon Infrastructure Finance Authority may: (1) Make all contracts, execute all instruments and do all things necessary or convenient for the exercise of the powers granted by this section, or for the performance of its covenants or duties, or in order to secure the payment of its bonds; (2) Enter into and perform such contracts and agreements with municipalities as the authority may consider proper and feasible for or concerning the planning, construction, installation, lease or other acquisition, and the financing of water projects; and (3) Enter into covenants for the benefit of bond owners regarding the use and expenditure of moneys in the Water Fund. [Formerly 285.958; 2007 c.783 §109; 2009 c.830 §126]
OR Rev Stat § 285B.587 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.587 - Deposit and use of bond proceeds.

(1) Proceeds of revenue bonds issued and sold under ORS 285B.572 to 285B.578 that are to be used to fund loans to municipalities for water projects shall be deposited in the Water Fund. (2) Proceeds of revenue bonds issued and sold under ORS 285B.572 to 285B.578 that are to be used to pay the costs of issuing the revenue bonds or that are to be applied to fund a reserve fund for the revenue bonds shall be deposited either in the Water Fund or in a trust account or fund held by any trustee for the revenue bonds. Moneys on deposit in the Water Fund may be transferred to any trustee for the revenue bonds to be applied to the payment of the costs of issuing the revenue bonds or to be applied to fund a reserve fund for the revenue bonds. [Formerly 285.960]
OR Rev Stat § 285B.590 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.590 - Other forms of financial assistance.

In addition to making loans to municipalities for water projects, the Oregon Infrastructure Finance Authority may provide any other form of financial or other assistance that the authority may consider appropriate to assist municipalities with water projects, including direct purchase by the authority of goods and services related to a water project. [Formerly 285.962; 2001 c.883 §39a; 2009 c.830 §127]
OR Rev Stat § 285B.593 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.593 - Technical assistance grants and loans; uses; rules.

Out of the moneys in the Water Fund, the Oregon Infrastructure Finance Authority may make technical assistance grants and loans to municipalities as specified by the Oregon Business Development Department by rule. Technical assistance grants and loans shall be for the purpose of completing preliminary planning, legal, fiscal and economic investigations, reports and studies to determine the economic and engineering feasibility of water projects. [Formerly 285.964; 2003 c.773 §51; 2009 c.830 §128]
OR Rev Stat § 285B.596 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.596 - Funding of distressed area or nonurban water projects.

Not less than 60 percent of the grants awarded from the Water Fund shall be used to provide assistance to distressed area or nonurban water projects. [Formerly 285.966; 2001 c.883 §39b; 2003 c.773 §52]
OR Rev Stat § 285B.599 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.599 - Effect of failure to repay to Water Fund; default.

(1) If a municipality fails to comply with a contract entered into under ORS 285B.581, the Oregon Business Development Department may seek appropriate legal remedies to secure any repayment due the Water Fund. If any municipality defaults on payments due the fund, the State of Oregon may withhold any amounts otherwise due the municipality to apply to the indebtedness. The department may waive the right to withhold moneys under this subsection. (2) Moneys withheld under subsection (1) of this section shall be deposited in the fund and shall be used to repay any account in the fund from which funds were expended to pay obligations upon which the municipality defaulted. [Formerly 285.968; 2009 c.830 §129]
OR Rev Stat § 285B.600 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.600 - Definitions for ORS 285B.600 to 285B.620.

As used in ORS 285B.600 to 285B.620: (1) "Certified employer" means an eligible employer certified under ORS 285B.605. (2) "Compensation" has the meaning given that term in ORS 314.610. (3) "Eligible employee" means a new full-time employee who is paid qualifying compensation and is hired by a certified employer after the employer is certified under ORS 285B.605. (4) "Eligible employer" means an employer that, in the month in which the employer submits an application under ORS 285B.608: (a) Has at least 150 employees; (b) Plans to hire at least 50 eligible employees in this state; (c) Operates in an industry in the traded sector, as that term is defined in ORS 285A.010; and (d) Is not a retailer, as that term is defined in ORS 72.8010. (5) "Estimated incremental Oregon Business Retention and Expansion Program tax revenues" means the Oregon personal income tax revenues that are estimated pursuant to ORS 285B.618 to be substantially equivalent to the amount of tax that eligible employees of an eligible employer will be required to pay under ORS chapter 316 as a result of qualifying compensation paid to the eligible employees by the eligible employer in the two consecutive tax years beginning with the tax year following the tax year in which the employer receives certification under ORS 285B.605. (6) "Qualifying compensation" means: (a) Compensation that averages at least 150 percent of the lesser of the county or state average annual per employee compensation; or (b) If the employees are to be hired in a county that is outside all metropolitan statistical areas, as defined by the most recent federal decennial census, compensation that averages at least 130 percent of the lesser of the county or state average annual per employee compensation. [2011 c.549 §1; 2017 c.610 §31] Note: 285B.600 to 285B.620 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.602 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.602 - Rules.

The Oregon Business Development Department may adopt rules that the department determines are necessary to: (1) Further define the terms defined in ORS 285B.600 in a manner consistent with ORS 285B.600; (2) Implement the duties of the department under ORS 285B.600 to 285B.620; and (3) Carry out the purposes of ORS 285B.600 to 285B.620. [2011 c.549 §2] Note: See note under 285B.600.
OR Rev Stat § 285B.605 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.605 - Certification of eligible employers; time period to approve application.

(1) Subject to standards and procedures that the Oregon Business Development Department shall establish by rule, the department shall certify eligible employers to participate in the Oregon Business Retention and Expansion Program established in ORS 285B.615. The department may establish certification standards regarding: (a) Employers maintaining certain levels of payroll or per-employee compensation including benefits; (b) Employers consulting with vendors in this state before entering into contracts; (c) Eligible employers not laying off current employees in order to achieve hiring goals; (d) Specifying the types and amounts of employer expenses that are the reasonable costs of financing, developing, furnishing and operating a facility to be used by the certified employer in the course of business under ORS 285B.615; and (e) Verifying that an employer is an eligible employer. (2) The department must approve or deny an application submitted under ORS 285B.608 within 120 days after the date a complete application is filed. [2011 c.549 §3] Note: See note under 285B.600.
OR Rev Stat § 285B.608 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.608 - Application for certification; requirements.

(1) An employer may apply to the Oregon Business Development Department for certification under ORS 285B.605. (2) The application shall be made in writing in a form prescribed by the department. (3) The application must include a verified statement by the employer that the employer would not plan on hiring 50 or more new full-time employees in this state but for the availability of the loans provided by the Oregon Business Retention and Expansion Program established under ORS 285B.615. [2011 c.549 §4] Note: See note under 285B.600.
OR Rev Stat § 285B.610 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.610 - Revocation of certificate.

(1) The Oregon Business Development Department may revoke a certificate issued under ORS 285B.605 if the department finds that: (a) The certificate was obtained by fraud or misrepresentation; or (b) The certified employer fails to meet the requirements of ORS 285B.605. (2) If the certificate is revoked pursuant to subsection (1) of this section, the department shall proceed to recoup any loan moneys disbursed to the employer pursuant to ORS 285B.615. [2011 c.549 §5] Note: See note under 285B.600.
OR Rev Stat § 285B.615 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.615 - Oregon Business Retention and Expansion Program; purpose; agreements; contents; loans.

(1) In consultation with the Department of Revenue, the Oregon Business Development Department shall establish and administer the Oregon Business Retention and Expansion Program. The purpose of the program is to provide forgivable loans to certified employers to allow for expanded operations and increased hiring. (2) The Oregon Business Development Department shall enter into agreements with certified employers. Agreements must contain: (a) Detailed performance measures, established by the department by rule, with which certified employers must comply; and (b) The requirement that the certified employer pay to the Oregon Business Development Department the amount of any loan made under this section where the certified employer did not meet established performance measures. (3) The total loan amount distributed to a certified employer under this section may not exceed the total amount of the estimated incremental Oregon Business Retention and Expansion Program tax revenues for the certified employer. (4) Moneys loaned under this section must be distributed to the certified employer no later than 120 days following certification under ORS 285B.605. [2011 c.549 §6] Note: See note under 285B.600.
OR Rev Stat § 285B.618 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.618 - Department estimate of program tax revenues; methodology.

The Director of the Oregon Business Development Department, in consultation with the Director of the Department of Revenue, shall: (1) Specify the methodology for estimating incremental Oregon Business Retention and Expansion Program tax revenues; and (2) Estimate incremental Oregon Business Retention and Expansion Program tax revenues. [2011 c.549 §7] Note: See note under 285B.600.
OR Rev Stat § 285B.620 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.620 - Oregon Business Retention and Expansion Program Fund; sources; uses.

The Oregon Business Retention and Expansion Program Fund is established in the State Treasury, separate and distinct from the General Fund. The Oregon Business Retention and Expansion Program Fund consists of amounts deposited in the fund as required by section 9, chapter 549, Oregon Laws 2011, and other moneys transferred to the fund. Amounts in the fund are continuously appropriated to the Oregon Business Development Department for the purposes of making the loans provided by the agreements entered into under ORS 285B.615 and paying the costs and expenses of the Oregon Business Development Department in connection with the implementation and administration of ORS 285B.600 to 285B.620. [2011 c.549 §8] Note: See note under 285B.600.
OR Rev Stat § 285B.622 (2021)
2021 Oregon Revised Statutes|Volume : 07 - Public Facilities and Finance|Chapter 285B - Economic Development II|Section 285B.622 - Transfer of moneys from Strategic Reserve Fund.

(1) The Oregon Business Development Department may transfer moneys credited to the Strategic Reserve Fund created under ORS 285B.266 to the Oregon Business Retention and Expansion Program Fund established under ORS 285B.620, to be used for the purpose of making the loans provided by the agreements entered into under ORS 285B.615, and in accordance with the provisions of ORS 285B.600 to 285B.620. (2) Unless approved by the Joint Committee on Ways and Means or, if the Legislative Assembly is not in session, the Emergency Board, administrative expenses of the Oregon Business Development Department incurred in connection with the implementation and administration of ORS 285B.600 to 285B.620 may not be paid from funds transferred pursuant to this section. Expenses that are project-related are not considered to be administrative expenses of the department. [2013 c.572 §2] Note: 285B.622 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.