Or. Admin. Code § 123-042-0045

Current through Register Vol. 63, No. 12, December 1, 2024

Section 123-042-0045 - Planning Project Eligibility, Criteria and Funding

(1)

(a) A planning project, as defined in ORS 285B.410(10), may be eligible for a loan. The Authority will make awards for loans based on availability of moneys in the fund and prudent fund management as well as its financial analysis of the municipality's ability to repay the loan;

(b) The interest rate for a planning project loan will be 50 percent of the rate set by the Authority for direct loans in effect at the time of the award. The loan term shall not exceed seven years.

(2) A planning project conducted for the purpose of developing industrial lands, including planning for industrial site certification, is eligible for a grant of up to $60,000 per site, per biennium or 85% of the allowable planning project cost, whichever is less. This type of planning project must meet the following criteria:

(a) The land must be zoned "industrial"; and

(b) The land meets marketability standards as determined by the department using its adopted policy.

Or. Admin. Code § 123-042-0045

EDD 10-2006, f. & cert. ef. 11-1-06; OBDD 41-2010, f. 11-30-10, cert. ef. 12-1-10; OBDD 10-2011, f. 12-30-11, cert. ef. 1-1-12; OBDD 9-2015(Temp), f. & cert. ef. 10-1-15 thru 3-27-16; OBDD 4-2016, f. & cert. ef. 2/29/2016; OBDD 8-2021, amend filed 12/17/2021, effective 12/17/2021

Statutory/Other Authority: ORS 285B.419 & 285A.075

Statutes/Other Implemented: ORS 285B.410 - 285B.482