Oregon Brownfield Properties Revitalization Fund.

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(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 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]

Note: Sections 8 and 9, chapter 529, Oregon Laws 2021, provide:

Sec. 8. (1) The Oregon Business Development Department shall consider means by which the department can encourage participation in removal and remedial actions that are eligible for forgivable loans under sections 2 to 7 of this 2021 Act [285A.193 to 285A.198] by minority-owned businesses, woman-owned businesses and emerging small businesses as those terms are defined in ORS 200.005.

(2) No later than January 1, 2023, the department shall submit a report in the manner provided in ORS 192.245 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] 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]

Sec. 9. Section 8 of this 2021 Act is repealed on January 2, 2023. [2021 c.529 §9]


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