For the purposes of these rules additional definitions may be found in Procedural Rules, OAR 123-001. As used in this OAR 123 division 42 the following terms have the meanings set forth below, unless the context clearly indicates otherwise.
“Authority” means the Infrastructure Finance Authority within the Oregon Business Development Department.
“Award” means the Authority’s determination that the project is eligible for funding and that the Authority has identified the specified funding type and amount for the activities described in the staff recommendation.
“Award date” means the date of the final Authority management signature approving the award.
“Board” means the Oregon Infrastructure Finance Authority Board.
“Commission” means the Oregon Business Development Commission
“Development project” means a project for the acquisition, improvement, construction, demolition, or redevelopment of municipally owned utilities, buildings, land, transportation facilities or other facilities that assist the economic and community development of the municipality, including but not limited to the following type of projects:
Utility system projects
Buildings, lands or other facility projects including planning project activities that are necessary or useful as determined by the Authority.
“Essential Community Facilities” means municipally owned or operated facilities that provide or support services vital to public health and safety, including, but not limited to police and fire protection, medical treatment, public utilities, transportation, and auxiliary shelter facilities.
“Executive Director” means the administrator of the Infrastructure Finance Authority.
“Firm business commitment project” means a project in response to a specific business development, expansion or retention proposal where assistance is necessary to enable the proposal to proceed and where permanent, full-time equivalent jobs will be created or retained. The project must support industrial development or eligible commercial jobs and be consistent with local comprehensive plans and implementing ordinances.
A project related to a potential development project for preliminary, final or construction engineering;
A survey, site investigation or environmental action related to a potential development project;
A financial, technical or other feasibility report, study or plan related to a potential development project; or
An activity that the Authority determines to be necessary or useful in planning for a potential development project.
“Project” means a development, planning or emergency project.
“State revenue bond loan” means a loan funded in whole or part through the sale of state revenue bonds issued by the State of Oregon at the request of the department that are payable from specific revenue sources pledged by a municipality and are not a pledge of the full faith and credit of the State of Oregon.