Oregon § 285B.109 Definitions for ORS 285B.109 to 285B.119

Oregon Statutes

§ 285B.109 — Definitions for ORS 285B.109 to 285B.119

Oregon § 285B.109

Vol.7

Title 26AEconomic Development

Ch. 285BEconomic Development II

This text of Oregon § 285B.109 (Definitions for ORS 285B.109 to 285B.119) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 285B.109 (2026).

Text

As used in ORS 285B.109 to 285B.119, unless the context requires otherwise:

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

(2)“Capital access program” means the program established by ORS 285B.109 to 285B.119.

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

(4)“Financial institution” means a financial institution, as defined in ORS 706.008.

(5)“Loss reserve account” means an account in the State Treasury or any financial institution that is established and maintained by the Oregon Business Development Department for the benefit of a financial institution participating in the capital access program.

(6)“Qualified business” means any person, conducting business for profit or not for profit, that is authorized to conduct busi

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As used in ORS 285B.109 to 285B.119, unless the context requires otherwise:
(1) “Brownfield” or “brownfields” has the meaning given that term in ORS 285A.185.
(2) “Capital access program” means the program established by ORS 285B.109 to 285B.119.
(3) “Environmental action” has the meaning given that term in ORS 285A.188.
(4) “Financial institution” means a financial institution, as defined in ORS 706.008.
(5) “Loss reserve account” means an account in the State Treasury or any financial institution that is established and maintained by the Oregon Business Development Department for the benefit of a financial institution participating in the capital access program.
(6) “Qualified business” means any person, conducting business for profit or not for profit, that is authorized to conduct business in the State of Oregon.
(7) “Qualified loan” means a loan or portion of a loan made by a financial institution to a qualified business for any business activity that has its primary economic effect in Oregon. The term does not include:
(a) A loan for the purchase of owner-occupied residential housing or for the construction, improvement or purchase of residential housing owned or to be owned by the borrower.
(b) A loan for purchase of real property that is not used for the business operations of the borrower.
(c) A loan for the refinancing of an existing loan when and to the extent that the outstanding balance is not increased.