As used in ORS § 197A.285 to 197A.325, ‘serviceable’ means, with respect to land, that:

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(1) Adequate sewer, water and transportation capacity for planned urban development is available or can be either provided or made subject to committed financing; or

(2) Committed financing can be in place to provide adequate sewer, water and transportation capacity for planned urban development. [2013 c.575 § 1; 2023 c.13 § 92]