§ 285B.038 — Allowable costs

Oregon § 285B.038

• Jurisdiction: Oregon
• Vol.: 7
• Title 26A: Economic Development
• Ch. 285B: Economic Development II

Text

For purposes of ORS 285B.032 to 285B.046:
(1) The allowable costs of a development project include:
(a) Property acquisition and assembly costs associated with creating large development parcels, including any easement or right of way directly related to and necessary for a development project.
(b) Transportation improvements such as access roads, rail spurs and sidings, marine facility access, airport facilities necessary to provide industrial land access, intersections, turning lanes, signals, sidewalks, curbs, transit stops and storm drains.
(c) Infrastructure for providing broadband, electric power, natural gas, water and sewer service.
(d) Natural resource mitigation.
(e) Land grading activities.
(f) Environmental remediation and mitigation activities to address brownfield issues, in accordance with state and federally approved remediation plans.
(g) Interest-carrying costs incurred by a project sponsor for amounts borrowed to develop industrial land and financing costs, including capitalized interest.
(h) Direct project management costs.
(i) Costs of consultant services and expenses.
(j) Construction costs and expenses.
(k) Costs of acquiring off-site property for purposes directly related to a development project, including, but not limited to, wetland mitigation.
(L) Other costs that the Oregon Business Development Department determines to be necessary or useful for the project.
(2) The allowable costs of a planning project include:
(a) Necessary planning, engineering, legal and other professional services associated with:
(A) The preparation of applications for local, state and federal permits and related administrative costs.
(B) Carrying out the project and related administrative costs.
(b) Other costs that the department determines to be necessary or useful for the project.

Legislative History

2025 c.566 §7