ORS 285C.250
Redesignation or designation of new zone following zone termination
(1)
Intentionally left blank —Ed.(a)
Within a reasonable period of time prior to the termination of an enterprise zone under ORS 285C.245 (Termination), the sponsors of the enterprise zone may redesignate the enterprise zone in accordance with ORS 285C.065 (Designation of enterprise zone) and 285C.074 (Documentation for zone designation or redesignation to be submitted to department), except that the redesignation shall take effect no sooner than the date of termination.(b)
The sponsor of an enterprise zone terminated under ORS 285C.245 (Termination) (2) or (3) is not eligible to redesignate an enterprise zone or designate a new enterprise zone for a period not to exceed 10 years after the zone is terminated.(c)
Paragraph (b) of this subsection does not apply to a county government if the terminated zone was also jointly sponsored by one or more cities or ports.(2)
Enterprise zones redesignated under this section are subject to ORS 285C.245 (Termination). [Formerly 285B.689; 2005 c.94 §10; 2005 c.704 §12; 2009 c.33 §5; 2012 c.71 §3; 2015 c.648 §24; 2023 c.298 §34](2)
With respect to agreements related to enterprise zone programs entered into between zone sponsors and business firms, the study shall compare:(a)
The transparency required under statute and the transparency of the processes by which such agreements have actually been entered into.(b)
The differences in actual transparency among the various enterprise zones.(c)
The differences in actual transparency between enterprise zones under ORS 285C.050 (Definitions for ORS 285C.050 to 285C.250) to 285C.250 (Redesignation or designation of new zone following zone termination) and rural enterprise zones under ORS 285C.400 (Definitions for ORS 285C.400 to 285C.420) to 285C.420 (Disqualification).(3)
With respect to the outcomes under the enterprise zone programs, the department shall study the information that should be included in the reports published pursuant to ORS 276A.256 (Reports of tax expenditures connected to economic development) to enable evaluation of the outcomes.(4)
Not later than September 15, 2024, the department shall submit a report of the findings of the study, in the manner provided by ORS 192.245 (Form of report to legislature), to the interim committees of the Legislative Assembly related to revenue, and may include recommendations for legislation in the report. [2023 c.298 §21]
Source:
Section 285C.250 — Redesignation or designation of new zone following zone termination, https://www.oregonlegislature.gov/bills_laws/ors/ors285C.html (accessed May 26, 2025).