ORS 285A.198
Oregon Brownfield Properties Revitalization Fund
(1)
The Oregon Brownfield Properties Revitalization Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oregon Brownfield Properties Revitalization Fund shall be credited to the fund. All moneys in the Oregon Brownfield Properties Revitalization Fund are continuously appropriated to the Oregon Business Development Department for the purposes of ORS 285A.193 (Definitions) to 285A.198 (Oregon Brownfield Properties Revitalization Fund).(2)
The Oregon Brownfield Properties Revitalization Fund shall consist of all moneys credited to the fund, including but not limited to:(a)
Moneys appropriated or transferred to the fund by the Legislative Assembly or the Oregon Business Development Commission;(b)
Forgivable loans repaid under ORS 285A.196 (Documentation required for forgiveness) and interest due on the moneys;(c)
Amounts donated to the fund;(d)
Moneys transferred to the fund from the federal government, state agencies or local governments;(e)
Lottery bond proceeds allocated by the Legislative Assembly for deposit in the fund;(f)
Earnings received on moneys in the fund; and(g)
Other amounts transferred to the fund from any source. [2021 c.529 §7](2)
No later than January 1, 2023, the department shall submit a report in the manner provided in ORS 192.245 (Form of report to legislature) to the interim committees of the Legislative Assembly related to economic development that sets forth in detail the recipients of forgivable loans under section 5 of this 2021 Act [285A.196 (Documentation required for forgiveness)] and any third parties with which the recipients contracted to complete the removal and remedial actions with respect to which the forgivable loans were made. [2021 c.529 §8]
Source:
Section 285A.198 — Oregon Brownfield Properties Revitalization Fund, https://www.oregonlegislature.gov/bills_laws/ors/ors285A.html.
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