Oregon Statutes 285B.109 – Definitions for ORS 285B.109 to 285B.119
As used in ORS § 285B.109 to 285B.119, unless the context requires otherwise:
Terms Used In Oregon Statutes 285B.109
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
(1) ‘Brownfield’ or ‘brownfields’ has the meaning given that term in ORS § 285A.185.
(2) ‘Capital access program’ means the program established by ORS § 285B.109 to 285B.119.
(3) ‘Environmental action’ has the meaning given that term in ORS § 285A.188.
(4) ‘Financial institution’ means a financial institution, as defined in ORS § 706.008.
(5) ‘Loss reserve account’ means an account in the State Treasury or any financial institution that is established and maintained by the Oregon Business Development Department for the benefit of a financial institution participating in the capital access program.
(6) ‘Qualified business’ means any person, conducting business for profit or not for profit, that is authorized to conduct business in the State of Oregon.
(7) ‘Qualified loan’ means a loan or portion of a loan made by a financial institution to a qualified business for any business activity that has its primary economic effect in Oregon. The term does not include:
(a) A loan for the purchase of owner-occupied residential housing or for the construction, improvement or purchase of residential housing owned or to be owned by the borrower.
(b) A loan for purchase of real property that is not used for the business operations of the borrower.
(c) A loan for the refinancing of an existing loan when and to the extent that the outstanding balance is not increased. [Formerly 285B.126]