Oregon Revised Statutes
As used in ORS 284.101 to 284.148 and ORS chapters 285A, 285B and 285C, unless the context requires otherwise: “Administrator” means the administrator of the Oregon Infrastructure Finance Authority. “Association” means a nonprofit, private, incorporated or unincorporated institution, foundation, organization, entity or group, whether local, state, regional…
The Legislative Assembly finds that: Oregon possesses unique and sustaining virtues that will guide and assist in maintaining the state’s economic health, including but not limited to Oregon’s: Special heritage; Respect for and cultivation of the environment; and Attention to quality of life issues that are important to the state’s economic development, …
There is established the Oregon Business Development Commission consisting of nine members appointed as follows: One nonvoting member appointed from among the members of the Senate by the President of the Senate; One nonvoting member appointed from among the members of the House of Representatives by the Speaker of the House of Representatives; and Seven …
As its primary duty, the Oregon Business Development Commission shall develop and maintain the economic development policy and strategy for this state outlined in ORS 285A.020. The commission shall provide oversight and direction to the Oregon Business Development Department in carrying out the economic development policies and strategy established by the c…
The Oregon Business Development Commission shall report biennially to the Governor and the Legislative Assembly on the success of economic development efforts. The report shall include the progress toward achievement of performance measures for the Oregon Business Development Department as adopted by the Legislative Assembly. At a minimum, the report shall i…
Prior to the approval of bond financing of economic development projects under ORS 285B.320 to 285B.371 or the making of loans or the granting of any moneys from any source, the Oregon Business Development Commission, or the Oregon Business Development Department as the designee of the commission, shall: Determine that the action is cost effective, consider…
To aid and advise the Oregon Business Development Commission in the performance of its duties, the commission may establish such advisory and technical committees as it considers necessary. Such committees may be continuing or temporary. The presiding officer of the commission shall determine the representation, membership, terms and organization of the comm…
The Oregon Business Development Department is established. The department shall be under the supervision of the Director of the Oregon Business Development Department, who shall be appointed by and shall hold office at the pleasure of the Governor. The appointment of the director shall be subject to confirmation by the Senate in the manner provided by ORS …
The Oregon Business Development Department shall: Implement programs and adopt rules in accordance with applicable provisions of ORS chapter 183 that are consistent and necessary to carry out the policies established by the Oregon Business Development Commission and the duties, functions and powers vested by law in the department. Act as the official state…
The Director of the Oregon Business Development Department and all unclassified personnel shall receive such salary as may be provided by law or be fixed by the Oregon Business Development Commission. In addition to salaries, the director and all unclassified personnel, subject to the limitations otherwise provided by law, shall be reimbursed for all reasona…
For the purpose of requesting a state or nationwide criminal records check under ORS 181A.195, the Oregon Business Development Department may require the fingerprints of a person who: Is employed or applying for employment by the department; or Provides services or seeks to provide services to the department as a contractor, vendor, intern or volunteer; an…
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The Oregon Infrastructure Finance Authority Board is created as a policy-making and advisory body within the Oregon Business Development Department. The board consists of nine members as follows: One nonvoting member appointed from members of the Senate by the President of the Senate; One nonvoting member appointed from members of the House of Representati…
The Oregon Infrastructure Finance Authority Board shall: Serve as a body to advise municipalities, state agencies and private persons on the development and implementation of state policies and programs relating to the infrastructure needs of this state and its communities. Advise the Governor, the Oregon Business Development Commission, the Director of th…
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The Oregon Infrastructure Finance Authority is established as an administrative section within the Oregon Business Development Department, subject to the supervision of the administrator of the authority and the policies and procedures established by, and recommendations of, the Oregon Infrastructure Finance Authority Board. The authority consists of the ad…
The Oregon Infrastructure Finance Authority may: Conduct hearings and conferences to develop facts, explain programs and activities, and obtain advice; Enter into agreements with other public bodies, as defined in ORS 174.109, or associations or private persons for services to assist the authority and the Oregon Infrastructure Finance Authority Board; Ent…
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The Director of the Oregon Business Development Department, upon consultation with and the approval of the Oregon Infrastructure Finance Authority Board, shall appoint an administrator of the Oregon Infrastructure Finance Authority who shall serve at the pleasure of the director. The administrator shall receive such salary as may be provided by law or as fi…
The Oregon Infrastructure Finance Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oregon Infrastructure Finance Fund shall be credited to the fund. The Oregon Infrastructure Finance Fund consists of all moneys credited to the fund, including moneys from the Administrative Services Economic Develo…
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The Oregon Infrastructure Finance Authority may not direct, supervise or control the policy, programs, personnel or administration of any program or entity unless specifically authorized by statute.
The Director of the Oregon Business Development Department, in accordance with ORS chapter 183, may adopt rules for the operation of the Oregon Infrastructure Finance Authority as the director determines necessary or convenient for the authority to perform its duties and functions and as are consistent with and necessary to carry out the policies established…
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The Oregon Business Development Department shall establish regions for the purpose of job development. When establishing the regions, the department shall consider the optimal size for each region that will most effectively facilitate economic development activities in the region. Regions established by the department do not have to be of the same size or po…
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The Sister State Committee shall be appointed as described in subsection (2) of this section. The committee may consist of not more than 21 members. Membership of the Sister State Committee includes: A cochairperson of the committee who is appointed by the President of the Senate from among the members of the Senate; A cochairperson of the committee who i…
The Sister State Committee may: Organize activities for and host visiting delegations from the sister states; Organize activities for, visit or participate in delegations visiting sister states and nations in which sister states are located; Provide for the exchange of information between the State of Oregon and sister states; Work with representatives o…
The Oregon-Ireland Sister State Committee is created. The committee consists of nine members appointed as follows: The President of the Senate shall appoint one nonvoting member from among members of the Senate. The Speaker of the House of Representatives shall appoint one nonvoting member from among members of the House of Representatives. The Governor …
The Oregon-Ireland Sister State Committee established under ORS 285A.146: Organize activities for and host visiting delegations from Ireland; Organize activities for and participate in delegations visiting Ireland; Provide for the exchange of information between the State of Oregon and Ireland; Work with representatives of Ireland on joint projects; and …
The Oregon-China Sister State Committee is created consisting of the following members: The President of the Senate as an ex officio member and cochairperson of the committee; The Speaker of the House of Representatives as an ex officio member and cochairperson of the committee; Two members of the Senate who are not members of the same political party, ap…
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The Oregon-China Sister State Committee established under ORS 285A.148 may: Organize activities for and host visiting delegations from provinces of the People’s Republic of China; Organize activities for and participate in delegations visiting provinces in China; Provide for the exchange of information between the State of Oregon and provinces in China; …
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The Oregon Broadband Advisory Council is established within the Oregon Business Development Department. The council consists of 13 members appointed as follows: The Governor shall appoint 11 members who, to the extent possible, represent geographically diverse regions of this state, as follows: One member to represent the counties of this state. One membe…
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The Oregon Broadband Advisory Council Fund is established, separate and distinct from the General Fund. Interest earned by the Oregon Broadband Advisory Council Fund shall be credited to the fund. Moneys in the Oregon Broadband Advisory Council Fund are continuously appropriated to the Oregon Business Development Department for the purposes of carrying out t…
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The Oregon Broadband Advisory Council shall submit a report by September 15 of each year to the Joint Legislative Committee on Information Management and Technology on the following subjects: The status of any broadband strategies developed by the Oregon Broadband Office and any updates to those strategies in the 12 months immediately preceding the date of …
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The Oregon Broadband Office is created within the Oregon Business Development Department. The Oregon Broadband Office shall: Advocate for the adoption of public policies that close the continuing digital divide by removing barriers to and supporting broadband infrastructure deployment; Develop broadband investment and deployment strategies for unserved an…
The Broadband Fund is established, separate and distinct from the General Fund. Interest earned by the Broadband Fund shall be credited to the fund. Moneys in the Broadband Fund are continuously appropriated to the Oregon Business Development Department to be used by the Oregon Broadband Office for the following purposes: Administering the office; Carrying…
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The Oregon Broadband Office shall develop a Broadband Action Plan and a Digital Equity Plan that address the requirements of the Infrastructure Investment and Jobs Act (P.L. 117-58). The Broadband Action Plan must, at a minimum, address: Investment priorities; Alignment of goals and needs; Proposed plans to address needs; Needs for technical assistance;…
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The Oregon Broadband Office shall collect geospatial data, including data that is reported to the Federal Communications Commission, and other data as necessary from Internet service providers and entities with broadband infrastructure in this state for the purpose of assisting the state in confirming the allocation of funds to the state under the Infrastruc…
The Oregon Business Development Department shall provide financial assistance in the form of loans or grants for the purpose of supporting broadband access, affordability and adoption. The department may establish one or more programs for providing financial assistance under this section. For each program the department establishes, the department shall, by…
If the Oregon Business Development Department establishes a program to support broadband service infrastructure under ORS 285A.180 that provides loans or grants using moneys from the federal Coronavirus Capital Projects Fund (42 U.S.C. 804), the following shall apply: For purposes of the broadband service infrastructure program, “underserved location” means…
As used in this section, “brownfield” means real property where expansion or redevelopment is complicated by actual or perceived environmental contamination. The Oregon Business Development Department shall assist private persons and local governments to redevelop brownfields. The department shall: Act as the primary point of contact for information regar…
As used in this section: “Environmental action” means activities undertaken to: Determine if a release has occurred or may occur, if the release or potential release poses a significant threat to human health or the environment or if additional remedial actions may be required at the site; Conduct a remedial investigation and a feasibility study; Plan fo…
There is established in the Oregon Business Development Department the Oregon Coalition Brownfields Cleanup Program. The department may make grants, loans and expenditures from the Oregon Coalition Brownfields Cleanup Fund to provide financial or other assistance to public and private owners of eligible brownfield properties for the purpose of cleaning up t…
There is established in the State Treasury, separate and distinct from the General Fund, a revolving fund known as the Oregon Coalition Brownfields Cleanup Fund. Interest earned by the Oregon Coalition Brownfields Cleanup Fund shall be credited to the fund. All moneys in the Oregon Coalition Brownfields Cleanup Fund are continuously appropriated to the Orego…
As used in ORS 285A.193 to 285A.198, unless the context requires otherwise: “Affordable housing” means: Rental housing that is occupied by households with incomes equal to or less than 60 percent of the median income for the county or the state, whichever is higher, adjusted for family size; or Owner-occupied housing occupied by households earning not mor…
The Oregon Business Development Department shall establish and administer a program in accordance with ORS 285A.193 to 285A.198 under which the department may make forgivable loans for the purpose of reimbursing private owners or operators for the eligible costs incurred in the completion of removal or remedial actions at brownfields. Forgivable loans may b…
An owner or operator of a brownfield seeking a forgivable loan, including any enhancements, under ORS 285A.194 must submit to the Oregon Business Development Department an application in a form prescribed by the department, including: An affidavit signed under penalty for false swearing that the applicant has not, by any acts, or omissions where there was a…
A forgivable loan made under ORS 285A.195 shall be forgiven upon submission by the owner or operator of all documentation required by the Oregon Business Development Department, including, but not limited to, an affidavit signed under penalty for false swearing: Stating that the owner or operator has completed performance under the voluntary agreement, cost…
The Oregon Business Development Department shall establish by rule the procedures and criteria for administration of the program established under ORS 285A.193 to 285A.198, including, but not limited to, the methods of determining: The distribution of forgivable loans; The amount of a forgivable loan, including enhancements listed in ORS 285A.194 (3); The…
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 D…
The Oregon Business Development Department may accept gifts of money or other property from any public or private agency or person made for the purpose of assisting the department to carry out any programs or laws that the department is charged with administering. Moneys so received shall be paid into an appropriate fund or account. Property so received shal…
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In each calendar year, the Oregon Business Development Department shall prepare, in accordance with generally accepted governmental accounting principles, a financial statement for individual funding programs as required by law. The financial statements required by this section shall record and summarize all the financial transactions during the reporting p…
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There is established in the State Treasury, separate and distinct from the General Fund, the Safe Drinking Water Revolving Loan Fund. All moneys in the Safe Drinking Water Revolving Loan Fund are continuously appropriated to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority for the purposes set forth in this section. …
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It is the purpose of the Business Retention Fund to assist businesses, communities and workers affected by significant business transitions, economic dislocation or the possibility of economic dislocations to evaluate and implement alternative business or community opportunities and to focus on the long term survivability of businesses. The Business Retenti…
There is created within the State Treasury, separate and distinct from the General Fund, the Oregon Business, Innovation and Trade Fund. Interest earned by the Oregon Business, Innovation and Trade Fund shall be credited to the fund. The moneys in the Oregon Business, Innovation and Trade Fund are continuously appropriated to the Oregon Business Development …
The University Innovation Research Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the University Innovation Research Fund must be credited to the fund. The fund consists of all moneys appropriated, allocated, deposited or transferred to the fund by the Legislative Assembly or otherwise and any donat…
The Legislative Assembly finds that: There is a new emerging global economy in which countries and regions located in specific areas of the world are forging new cooperative arrangements. These new cooperative arrangements are increasing the competitiveness of the participating countries and regions, thus increasing the economic benefits and the overall qu…
The Pacific Northwest Economic Region is established by law and entered into by the State of Oregon as a party, and is in full force and effect in accordance with the terms of ORS 285A.240 and this section. ______________________________________________________________________________ THE PACIFIC NORTHWEST ECONOMIC REGION ARTICLE I POLICY AND PURPOSE St…
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As used in ORS 285A.300 to 285A.312, “fund” means the Title I Bank Fund.
The Legislative Assembly finds that: Local government is experiencing increasing difficulty in obtaining necessary financing for eligible community development projects, such as public works projects, causing project delays and significant increased costs to property owners and municipalities. The improvement, expansion and new construction of eligible com…
There is established in the State Treasury, separate and distinct from the General Fund, the Title I Bank Fund. All moneys in the fund are continuously appropriated to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority to provide financing for community development projects. Interest earned by the Title I Bank Fund sha…
All payments, receipts and interest from outstanding indebtedness shall be retained and accumulated in the Title I Bank Fund and used for the purposes specified in ORS 285A.303.
All federal overlay statutes associated with moneys received from the federal Housing and Urban Development Community Development Block Grant Program for Small Cities shall continue to apply to the use of those moneys in the Title I Bank Fund received from sources described in ORS 285A.306 (3)(b). FOREIGN TRADE ZONES
Any port organized under the laws of this state, any municipal corporation in this state or any dock commission of any city of this state may apply to the United States for permission and may establish, operate and maintain foreign trade zones within or without their boundaries. A private for-profit corporation may also establish, operate and maintain a for…
Klamath International Trade & Transportation Services (KITTS), an Oregon corporation, is authorized by ORS 285A.325 and 285A.328 to establish, operate and maintain a foreign trade zone in this state. Note: 285A.328 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 285A or any series therein by legislative ac…
The Legislative Assembly declares that it is the purpose of ORS 285A.340 to 285A.349: To assist the development of small businesses, with special emphasis on increasing the percentage of businesses owned by women and members of minority groups; To encourage competition among publicly supported small business service providers in order to supply the most ef…
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The Oregon Business Development Department may purchase business assistance services from public or private organizations for delivery to small businesses in this state or may provide grants to public or private organizations to support, aid, stimulate or otherwise affect the delivery of business assistance services to small businesses in this state. For th…
The Oregon Business Development Department shall evaluate the efficiency and effectiveness of the delivery of business assistance services to small businesses. Note: See note under 285A.340.
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The Legislative Assembly finds that the demand in Oregon for local food is surging, that the interest in farming among younger generations is on the rise and that access to capital is one of the most important factors contributing to the development and success of a local market agricultural sector in the Oregon economy. The Legislative Assembly also finds …
As used in ORS 285A.420 to 285A.435: “Agricultural improvements” means any improvements, buildings, structures or fixtures suitable for use in farming that are located on agricultural land. “Agricultural land” means land located in this state that is suitable for use in farming and that is or will be operated as a farm. “Agricultural project” means agricu…
The Oregon Business Development Department, in consultation with the State Department of Agriculture and potential lenders, shall create the Beginning and Expanding Farmer Loan Program to facilitate the making of loans to beginning farmers to finance the acquisition of an approved agricultural project. Before revenue bonds may be issued for the program, an …
At the request of the Oregon Business Development Department, the State Treasurer may from time to time issue revenue bonds to: Finance agricultural projects determined eligible for financing under ORS 285A.420 to 285A.435; Refund bonds issued for the program; or Pay bond-related costs and other costs related to loans approved under ORS 285A.420 to 285A.4…
The Oregon Business Development Department may: Lend the proceeds of revenue bonds authorized by ORS 285A.420 to 285A.435 for approved agricultural projects. Make contracts, execute instruments and do what is necessary or appropriate to carry out ORS 285A.420 to 285A.435. The documents associated with revenue bonds or loans authorized by ORS 285A.420 to 2…
There is created the Beginning and Expanding Farmer Loan Program Fund, separate and distinct from the General Fund. Interest earned by the Beginning and Expanding Farmer Loan Program Fund shall be credited to the fund. All moneys credited to the fund are continuously appropriated to the Oregon Business Development Department for the purpose of implementing a…
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As used in ORS 285A.510 to 285A.522: “Community” means an area or locality in which the inhabitants have common economic or employment interests and which is undergoing an economic emergency. The term is not limited to a city, county or other political subdivision and need not, but may, be limited by political lines and boundaries. A large populous area und…
The Legislative Assembly declares that it is the policy of the State of Oregon to assist employers, workers and communities in this state in coping with the effects of plant closings, mass layoffs and other economic dislocations.
The Higher Education Coordinating Commission is the state agency that shall be notified when an employer is required to provide written notice of a plant closing or mass layoff under section 3 of the Worker Adjustment and Retraining Notification Act (P.L. 100-379).
The Higher Education Coordinating Commission shall notify employers subject to the Worker Adjustment and Retraining Notification Act (P.L. 100-379) that the commission is the state agency that must be notified when the employers are required to provide notice of a plant closing or mass layoff under the Worker Adjustment and Retraining Notification Act (P.L. …
The Higher Education Coordinating Commission shall prepare an annual report concerning plant closings and mass layoffs in this state. The report shall describe in detail each plant closing or mass layoff during the period covered by the report and the assistance and services provided to the affected employers, workers and communities. The report shall also c…
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The Legislative Assembly declares that it is the policy of this state to include Oregon’s ports in planning and implementing economic development and transportation programs. To that end, the Oregon Business Development Commission and the Oregon Business Development Department, through the Oregon Infrastructure Finance Authority, may work to: Coordinate wit…
As used in ORS 285A.603 to 285A.627, unless the context requires otherwise, “port” means the Port of Portland and any port formed pursuant to ORS 777.005 to 777.725 and 777.915 to 777.953.
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The Oregon Infrastructure Finance Authority shall provide managerial assistance and technical referral services to ports. The authority shall disseminate such research and technical information as is available to the authority. The authority shall work cooperatively with existing organizations and agencies that provide research and technical services, incl…
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The Oregon Business Development Commission and the Oregon Business Development Department, through the Oregon Infrastructure Finance Authority, shall be the statewide coordinating, planning and research entity for all ports and port authorities in this state to ensure the most orderly, efficient and economical development of the state port system. Notwithst…
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There is created within the State Treasury, separate and distinct from the General Fund, the Port Planning and Marketing Fund. All moneys in the Port Planning and Marketing Fund are appropriated continuously to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority and shall be used by the authority for: Administrative ex…
The Oregon Infrastructure Finance Authority may make grants, as funds are available, to any port formed under ORS chapter 777 or 778 for: A planning project conducted under ORS 285A.627 or any other planning project necessary for improving the port’s capability to carry out its authorized functions and activities relating to trade and commerce; or A market…
The Oregon Infrastructure Finance Authority shall develop marketing grant funding priorities considering such factors as community need and whether the project will lead to economic diversification, development of a new or emerging industry and redevelopment of existing public facilities. The authority shall give priority to regional or cooperative projects,…
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As used in ORS 285A.666 to 285A.732, unless the context requires otherwise: “Flexible manufacturing space project” means a project for the acquisition, construction, improvement or rehabilitation, in whole or in part, of any building suitable for the conduct of manufacturing processes and, by design, able to be readily modified when necessary to accommodate…
Any Oregon port district may file with the Oregon Infrastructure Finance Authority an application to borrow money from the Oregon Port Revolving Fund for a project as provided in ORS 285A.666 to 285A.732. The application shall be filed in such a manner and contain or be accompanied by such information as the authority may prescribe.
Upon receipt of an application filed as provided in ORS 285A.669, the Oregon Infrastructure Finance Authority shall determine whether the plans and specifications for the proposed project set forth in or accompanying the application are satisfactory. If the authority determines that the plans and specifications are not satisfactory, the authority may: Reje…
Nothing in ORS 285A.666 to 285A.732 is intended to prevent an applicant from employing a private engineering firm and construction firm to perform the engineering and construction work on a proposed project.
The Oregon Infrastructure Finance Authority may approve a project proposed in an application filed as provided in ORS 285A.669, if, after investigation, the authority finds that: The proposed project is feasible and a reasonable risk from practical and economic standpoints, and the loan has reasonable prospect of repayment. Moneys in the Oregon Port Revolv…
If the Oregon Infrastructure Finance Authority approves the project, the authority, on behalf of the state, and the applicant may enter into a loan contract that is secured by good and sufficient collateral. A loan contract entered into pursuant to this section shall set forth, among other matters: A plan for repayment by the applicant to the Oregon Port R…
If the Oregon Infrastructure Finance Authority approves a loan for a project, the authority shall pay moneys for the project from the Oregon Port Revolving Fund, in accordance with the terms of the loan contract as prescribed by the authority.
If the Oregon Infrastructure Finance Authority accepts a lien against any port district’s real or personal property as collateral required by ORS 285A.681, the authority shall file notice of the loan with the recording officer of each county in which is situated any real or personal property of the port district. The notice shall contain a description of the…
The Oregon Business Development Department may institute proceedings to foreclose any lien for delinquent loan payments. If a port district fails to comply with a contract entered into pursuant to ORS 285A.681, the department may seek appropriate legal remedies to secure the loan, and may contract with any port project developer for continuation of the proj…
A port district that enters into a contract with the Oregon Infrastructure Finance Authority for a project and repayment as provided in ORS 285A.681 may obtain moneys for repayment to the Oregon Port Revolving Fund under the contract in the same manner as other moneys are obtained for purposes of the port district or other moneys available to the developer.
The Oregon Business Development Commission may appoint the Director of the Oregon Business Development Department as their representative and agent in all matters pertaining to ORS 285A.666 to 285A.732. The director shall ensure that all provisions of ORS 285A.666 to 285A.732 are complied with and that appropriately trained personnel are employed pursuant to…
Except as provided in ORS 285A.702, if any project is refinanced or financial assistance is obtained from other sources after the execution of the loan from the state, all such funds shall be used to repay the state first if such refinancing or financial assistance applies only to the project authorized and does not include any subsequent addition, expansion…
The Oregon Infrastructure Finance Authority may authorize funds from the Oregon Port Revolving Fund to be used in appropriate joint governmental participation projects or as match money with any port, state or federally funded project authorized within a port district, subject to the stipulations of ORS 285A.666 to 285A.732. Any application for a loan under…
If the Oregon Infrastructure Finance Authority approves an application for the loan of moneys authorized by ORS 285A.702, the authority shall enter into a loan contract, secured by good and sufficient collateral, with the port district that provides, among other matters: That a notice of any lien against the property be filed with the recording officer of e…
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…
Notwithstanding ORS 285A.708 (1) and 285A.711, available moneys in the Oregon Port Revolving Fund that were accrued as repayments or net earned income of the fund may be transferred to the Port Planning and Marketing Fund created under ORS 285A.654. Notwithstanding ORS 285A.654 (1)(b), moneys transferred to the Port Planning and Marketing Fund under this se…
All payments, receipts and interest from outstanding indebtedness shall be retained in the Oregon Port Revolving Fund and accumulated for new project disbursal, and repayment of funds allocated pursuant to section 25, chapter 838, Oregon Laws 1977. All interest earnings of the fund from whatever source shall be retained and accumulated in the Oregon Port Rev…
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ORS 285A.666 to 285A.711 shall be known as the Oregon Port Revolving Fund Act. _______________