ORS 285A.708
Oregon Port Revolving Fund

  • uses
  • sources
  • debt limit
  • prohibited use

(1)

There is created within the State Treasury a revolving fund known as the Oregon Port Revolving Fund, separate and distinct from the General Fund. Interest earned by the Oregon Port Revolving Fund shall be credited to the fund. Moneys in this fund are continuously appropriated to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority for the following purposes:

(a)

Administrative expenses of the authority in processing applications and investigating proposed projects.

(b)

Payment of loans to port districts pursuant to ORS 285A.666 (Definitions for ORS 285A.666 to 285A.732) to 285A.732 (Short title).

(c)

Administrative expenses of the authority relating to ports. In any one year, administrative expenses charged under this paragraph may not be greater than the total revenues received in that year from fees provided for in subsection (2)(a) of this section, plus an amount not to exceed five percent of the total asset value of the fund.

(2)

The fund created by subsection (1) of this section shall consist of:

(a)

Application fees required by ORS 285A.672 (Review of application) (2).

(b)

Repayment of moneys loaned to port districts or others from the Oregon Port Revolving Fund, including interest on such moneys.

(c)

Payment of such moneys as may be appropriated to the fund by the Legislative Assembly.

(d)

Moneys obtained from any interest accrued from such funds.

(3)

Outstanding debt on the fund shall not exceed 95 percent of all deposits, accounts payable, and other assets of the fund.

(4)

No money shall be expended from the Oregon Port Revolving Fund for any economic development study costing more than $50,000 unless a work plan and budget for such study has been provided to appropriate legislative committees. [Formerly 285.915; 2001 c.883 §19; 2007 c.354 §13; 2007 c.804 §30; 2009 c.830 §48]

Source: Section 285A.708 — Oregon Port Revolving Fund; uses; sources; debt limit; prohibited use, https://www.­oregonlegislature.­gov/bills_laws/ors/ors285A.­html.

(formerly 777.884, then 285.915)

Attorney General Opinions

Pledge of port district’s taxes as collateral for loan from Port Revolving Fund, (1978) Vol 38, p 1708

285A.010
Definitions for ORS 284.101 to 284.148 and ORS chapters 285A, 285B and 285C 285A.020
Legislative findings 285A.040
Oregon Business Development Commission 285A.045
Duties and functions of commission 285A.050
Biennial report 285A.055
Prerequisites for certain commission actions 285A.060
Advisory and technical committees 285A.070
Oregon Business Development Department 285A.075
Department duties 285A.080
Salaries and expenses of personnel 285A.083
Authority to require fingerprints for criminal records check 285A.091
Oregon Infrastructure Finance Authority Board 285A.093
Board duties 285A.096
Oregon Infrastructure Finance Authority 285A.098
Powers of Oregon Infrastructure Finance Authority 285A.101
Administrator 285A.103
Oregon Infrastructure Finance Fund 285A.106
Prohibited acts 285A.108
Rules 285A.116
Regions for job development 285A.143
Sister State Committee 285A.145
Sister State Committee authority 285A.148
Oregon-China Sister State Committee 285A.152
Oregon-China Sister State Committee authority 285A.154
Oregon Broadband Advisory Council 285A.157
Oregon Broadband Advisory Council Fund 285A.160
Biennial report 285A.166
Oregon Broadband Office 285A.185
Brownfields redevelopment 285A.188
Brownfields Redevelopment Fund 285A.190
Oregon Coalition Brownfields Cleanup Program 285A.192
Oregon Coalition Brownfields Cleanup Fund 285A.193
Definitions 285A.194
Forgivable loan program for removal and remedial costs at brownfields 285A.195
Application process 285A.196
Documentation required for forgiveness 285A.197
Rulemaking for administration of loan program 285A.198
Oregon Brownfield Properties Revitalization Fund 285A.200
Gifts 285A.206
Department to prepare financial statements 285A.213
Safe Drinking Water Revolving Loan Fund 285A.224
Business Retention Fund 285A.227
Oregon Business, Innovation and Trade Fund 285A.230
University Innovation Research Fund 285A.240
Legislative findings 285A.243
Compact 285A.300
Definition for ORS 285A.300 to 285A.312 285A.303
Findings 285A.306
Title I Bank Fund 285A.309
Use of funds 285A.312
Application of federal statutes 285A.325
Foreign trade zones 285A.328
Specific corporation authorized to maintain foreign trade zone 285A.340
Legislative findings 285A.346
Purchases of assistance services for small businesses 285A.349
Evaluation of effectiveness of assistance 285A.420
Legislative findings 285A.422
Definitions for ORS 285A.420 to 285A.435 285A.425
Beginning and Expanding Farmer Loan Program 285A.430
Revenue bonds to finance agricultural projects 285A.433
Authority of Oregon Business Development Department 285A.435
Beginning and Expanding Farmer Loan Program Fund 285A.510
Definitions for ORS 285A.510 to 285A.522 285A.513
Policy 285A.516
Agency to receive notice of plant closing or layoff 285A.519
Notice to employers of agency that receives closing or layoff notice 285A.522
Annual report of plant closings and layoffs 285A.600
Policy 285A.603
“Port” defined for ORS 285A.603 to 285A.627 285A.615
Provision of managerial assistance and technical services 285A.627
Authority as coordinating entity for port activities 285A.654
Port Planning and Marketing Fund 285A.657
Grants 285A.660
Funding priorities 285A.666
Definitions for ORS 285A.666 to 285A.732 285A.669
Application for project money 285A.672
Review of application 285A.675
Private contract for project not prohibited 285A.678
Qualifications for approval of project funding 285A.681
Loan from fund 285A.684
Payment from fund upon loan approval 285A.687
Filing of lien against port 285A.690
Powers to enforce loan agreement 285A.693
Sources of loan repayment moneys 285A.696
Duties of director 285A.699
Reimbursement to port revolving fund upon refinancing of project 285A.702
Funds for joint projects or match money 285A.705
Loan contract 285A.708
Oregon Port Revolving Fund 285A.709
Transfers to Port Planning and Marketing Fund 285A.711
Use of fund proceeds 285A.732
Short title
Green check means up to date. Up to date

Current through early 2024

§ 285A.708’s source at oregon​.gov