§ 285B.326 — Request for issuance of bonds; fees; rules; reimbursement for expenses

Oregon § 285B.326

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

Text

(1) Upon determining that an economic development project is an eligible project, the Oregon Business Development Commission shall request that the State Treasurer issue the bonds.
(2) For bonding purposes, the commission may treat any number of economic development projects determined to be eligible projects as a single eligible project.
(3) The commission shall collect fees set forth in rules established by the Oregon Business Development Department. Moneys collected under this subsection shall be deposited in the Oregon Business, Innovation and Trade Fund created under ORS 285A.227 and are continuously appropriated to the commission for the purpose of administration or funding of the Oregon Industrial Development Revenue Bond and Express Bond Program.
(4)(a) In addition to the fees described in subsection (3) of this section, the commission may charge and receive reimbursement for expenses incurred in:
(A) The initial review of an application for economic development projects sought to be declared eligible for financing; and
(B) Matters arising after the issuance of a bond.
(b) Reimbursement for expenses under this subsection shall be charged and received in accordance with rules established by the department.

Legislative History

Formerly 285.320; 1999 c.509 §31; 2003 c.167 §8; 2007 c.804 §§74,91; 2009 c.830 §85; 2011 c.27 §2