ZONE TERMINATION — Events and Timing
Enterprise zones that are Terminated-by-Statute or are re-designated concurrently under ORS 285C.250(1) shall be terminated or designated effective at 12 midnight of July 1.
Any zone that is timely re-designated as described in section (1) of this rule and OAR 123-650-4900(1)(b) shall not itself terminate under ORS 285C.245(2) until, in effect 11 years after its designation, except as preempted by section (4) of this rule.
Following the termination of an enterprise zone:
The local policies adopted by the zone sponsor under ORS 285C.105 or other statutory provisions shall remain in force as they were at the time of termination.
The only change that the sponsor of the terminated zone may make to the zones local policies is to appoint a replacement as needed for the local zone manager, if the position previously held by the local zone manager lacks qualified personnel.
Termination by programmatic sunset under ORS 285C.255(1)(c) occurs at 5:00 PM (Pacific Time) on June 30, 2025.