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Oregon Rev. Stat.
2025 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 285B - Economic Development II
Section 285B.009 - Forgivable loans for planning projects.
Universal Citation:
OR Rev Stat § 285B.009 (2025)
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(1)(a) The Oregon Business Development Department may make a forgivable loan to a project sponsor, for allowable costs related to a planning project, from moneys in the Industrial Lands Loan Fund established under ORS 285B.030, in accordance with this section.
(b) The department shall determine the amount of a forgivable loan on a case-by-case basis.
(2) A planning project eligible for a forgivable loan under this section may:
(a) Be a stand-alone project that is not intended to lead to a development project.
(b) Be a project that is intended to lead to a development project.
(c) Include planning or investigation for an environmental action on a brownfield. [2023 c.25 §16]
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