Or. Admin. Code § 123-656-2300

Current through Register Vol. 63, No. 11, November 1, 2024

Section 123-656-2300 - Terminations

For an enterprise zone designated as described in OAR 123-656-2000:

(1) The zone terminates by operation of state law under ORS 285C.245(1)(a), subsequent to the effective date of designation by order of the Director, regardless of any intervening termination of the Federal Enterprise Zone due to programmed operation under federal statutes or repeal of the operative federal law.

(2) The zone may terminate early and shall terminate by programmatic sunset, as described in OAR 123-650-9100(1)(b) or (c).

(3) With respect to termination in section (1) of this rule, the local zone sponsor may re-designate it as a regular enterprise zone under ORS 285C.250 but only in conformance with all applicable requirements including but not limited to ORS 285C.090.

(4) In addition, the zone may also terminate by order of the Director under ORS 285C.085(5), effectively rescinding the order designating the zone, as if it had never existed, in the event that the federal government prematurely terminates the Federal Enterprise Zone for nonperformance, violation of federal guidelines or similarly unusual circumstances. In this case, there is no provision for a re-designation under ORS 285C.250, but any business firm located in the zone is covered by OAR 123-650-9500 to 123-650-9700.

Or. Admin. Code § 123-656-2300

OBDD 24-2010, f. & cert. ef. 6-14-10; OBDD 14-2015, f. & cert. ef. 11/12/2015; OBDD 14-2024, amend filed 06/10/2024, effective 6/10/2024

Statutory/Other Authority: ORS 285A.075 & 285C.060(1)

Statutes/Other Implemented: ORS 285C.085, 285C.245, 285C.250 & 285C.255