Oregon
Rule Rule 123-042-0020
Definitions


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.

(1)

“Authority” means the Infrastructure Finance Authority within the Oregon Business Development Department.

(2)

“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.

(3)

“Award date” means the date of the final Authority management signature approving the award.

(4)

“Board” means the Oregon Infrastructure Finance Authority Board.

(5)

“Commission” means the Oregon Business Development Commission

(6)

“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:

(a)

Transportation projects

(b)

Utility system projects

(c)

Buildings, lands or other facility projects including planning project activities that are necessary or useful as determined by the Authority.

(7)

“Direct project management costs” means expenses directly related to a project that are incurred by a municipality solely to support or manage a project eligible for assistance under ORS 285B.410 (Definitions for ORS 285B.410 to 285B.482) to 285B.482 (Revenue bonds as parity bonds). Direct project management costs does not include routine or ongoing expenses of the municipality.

(8)

“Eligible commercial jobs ” means jobs that are created or retained by businesses selling goods or services into markets for which national or international competition exists.

(9)

“Emergency project” means a development project resulting from an emergency as defined in ORS 401.025 (Definitions for ORS chapter 401)

(10)

“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.

(11)

“Executive Director” means the administrator of the Infrastructure Finance Authority.

(12)

“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.

(13)

“Fund” means the Special Public Works Fund created by ORS 285B.455 (Special Public Works Fund).

(14)

“Levee project” means a planning project, development project, or other project that is directly related to and necessary for required inspections, levee certification, accreditation or repairs.

(15)

“Marine facility” has the meaning given that term in ORS 285B.410 (Definitions for ORS 285B.410 to 285B.482)(7).

(16)

“Municipality” means an Oregon city, or county, the Port of Portland created by ORS 778.010 (District known as Port of Portland), a county service district organized under ORS Chapter 451 (County Service Facilities), a district as defined in 198.010 (“District” defined for chapter), a tribal council of a federally recognized Indian tribe in this state, or an airport district organized under ORS 838, but does not include an ORS 190 entity.

(17)

“Planning project” means:

(a)

A project related to a potential development project for preliminary, final or construction engineering;

(b)

A survey, site investigation or environmental action related to a potential development project;

(c)

A financial, technical or other feasibility report, study or plan related to a potential development project; or

(d)

An activity that the Authority determines to be necessary or useful in planning for a potential development project.

(18)

“Project” means a development, planning or emergency project.

(19)

“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.
Source
Last accessed
Aug. 3, 2020