(1)(a) Within a reasonable period of time prior to the termination of an enterprise zone under ORS § 285C.245, the sponsors of the enterprise zone may redesignate the enterprise zone in accordance with ORS § 285C.065 and 285C.074, except that the redesignation shall take effect no sooner than the date of termination.

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(b) The sponsor of an enterprise zone terminated under ORS § 285C.245 (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. [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]

Sections 20 to 22, chapter 298, Oregon Laws 2023, provide:

Section 21 of this 2023 Act is added to and made a part of ORS § 285C.050 to 285C.250. [2023 c.298 § 20]

(1) The Oregon Business Development Department, in consultation with the Legislative Revenue Officer, shall conduct a study of the transparency of enterprise zone programs.

(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 to 285C.250 and rural enterprise zones under ORS § 285C.400 to 285C.420.

(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 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, to the interim committees of the Legislative Assembly related to revenue, and may include recommendations for legislation in the report. [2023 c.298 § 21]

Section 21 of this 2023 Act is repealed on January 2, 2025. [2023 c.298 § 22]

(Sunset Date)