ORS 197A.413
City Economic Development Pilot Program Fund
(1)
The City Economic Development Pilot Program Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the City Economic Development Pilot Program Fund shall be credited to the fund. All moneys credited to the City Economic Development Pilot Program Fund are continuously appropriated to the Land Conservation and Development Commission for the purposes described in subsection (3) of this section.(2)
The fund shall consist of:(a)
Moneys appropriated by the Legislative Assembly for deposit in the fund;(b)
Any gifts, contributions or donations made to the State of Oregon for deposit in the fund; and(c)
Earnings on moneys in the fund.(3)
The commission may use the moneys in the fund to finance the establishment and implementation of the pilot program established under ORS 197A.405 (City economic development pilot program).(4)
The commission is authorized to accept gifts, contributions or donations from any person, including any public body as defined in ORS 174.109 (“Public body” defined), for deposit in the fund. [2017 c.709 §6](2)
The commission’s report shall, at a minimum, include:(a)
A summary of the pilot program’s impact on the city, county and region;(b)
The number of jobs created by the pilot program;(c)
The number of new businesses established within the boundaries of the pilot program site; and(d)
An analysis of the economic growth of the city and county since the implementation of the pilot program. [2017 c.709 §5]
Source:
Section 197A.413 — City Economic Development Pilot Program Fund, https://www.oregonlegislature.gov/bills_laws/ors/ors197A.html.
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