2015 Oregon Revised Statutes
Volume : 07 - Public Facilities, Finance
Chapter 285B - Economic Development II
Section 285B.200 - Definitions for ORS 285B.200 to 285B.218.

As used in ORS 285B.200 to 285B.218:

(1) "Brownfield" or "brownfields" has the meaning given that term in ORS 285A.185.

(2) "Eligible project costs" includes productive equipment and machinery, working capital for operations and export transactions and such other costs as the Oregon Business Development Department by rule may provide.

(3) "Environmental action" has the meaning given that term in ORS 285A.188.

(4) "Financial institution" includes institutions listed in ORS 706.008 and such other institutions defined by rule of the department as financial institutions for purposes of ORS 285B.200 to 285B.218.

(5) "Qualified business" means any existing or proposed business located in this state that:

(a) Is located in a distressed area as defined by the department;

(b) Sells goods or services in markets for which national or international competition exists;

(c) Owns, occupies, operates or has entered into an agreement to own, occupy or operate real property containing a brownfield; or

(d) Is a professional service company that provides services to traded sector industries and other entities within and outside of this state.

(6) "Traded sector" has the meaning given that term in ORS 285B.280.

(7) "Value-added agricultural products" means agricultural products that have been processed, transformed or refined to the point where they may be distributed to a final consumer without further processing, transformation or refining. The term also includes agricultural products that are processed, transformed or refined for distribution to other than final consumers when such processing, transformation or refining represents a substantial increment in value as determined by the Oregon Business Development Department in consultation with the State Department of Agriculture.

[Formerly 285.466; 1999 c.247 §4; 2007 c.804 §56; 2009 c.830 §71; 2012 c.73 §§1,2]

Note: 285B.200 to 285B.218 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 285B by legislative action. See Preface to Oregon Revised Statutes for further explanation.