Oregon Statutes 285B.799 – Biennial report by Oregon Business Development Department to legislature
On or before September 15 of each even-numbered year, the Oregon Business Development Department shall submit, in the manner required under ORS § 192.245, to the interim committees of the Legislative Assembly related to economic development, a report that sets forth the following information:
Terms Used In Oregon Statutes 285B.799
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
(1) The number and total dollar amount of RFPs received under ORS § 285B.787;
(2) The number of awards and the amount of moneys awarded under ORS § 285B.787;
(3) Information described in ORS § 285B.787 (2)(b) from the approved proposals;
(4) Aggregated lender and qualified borrower data, including demographic data reported by lenders under ORS § 285B.794 (3)(d);
(5) The aggregate performance of qualified loans;
(6) The average interest rate, term and amount of qualified loans;
(7) The cities and counties in which qualified borrowers use the qualified loan proceeds; and
(8) Any other information the department considers necessary or useful to include in the report. [2021 c.676 § 7]
See note under 285B.780.
Section 9, chapter 676, Oregon Laws 2021, provides:
(1) Not later than September 15, 2029, the interim committees of the Legislative Assembly related to economic development shall evaluate the effectiveness of the lenders’ loan loss reserve account program established under sections 1 to 7 of this 2021 Act [285B.780 to 285B.799] and develop recommendations for legislation, including appropriations.
(2) In making the evaluation under subsection (1) of this section, the interim committees shall:
(a) Consult with the Oregon Business Development Department and with lenders that have entered into written agreements with the department under section 4 of this 2021 Act [285B.791] and made qualified loans and with any other persons the interim committees consider necessary or useful; and
(b) Consider the biennial reports submitted by the department under section 7 of this 2021 Act [285B.799] and any other information the interim committees consider necessary or useful. [2021 c.676 § 9]
[2001 c.888 § 2; renumbered 285C.450 in 2003]
[2001 c.888 § 3; renumbered 285C.453 in 2003]
[2001 c.888 § 4; renumbered 285C.456 in 2003]
[2001 c.888 § 5; renumbered 285C.459 in 2003]
[2001 c.888 § 6; renumbered 285C.480 in 2003]
[2001 c.888 § 7; 2003 c.773 § 53; renumbered 285C.465 in 2003]
[2001 c.888 § 8; renumbered 285C.468 in 2003]
[2001 c.888 § 9; renumbered 285C.471 in 2003]
[2001 c.888 § 10; renumbered 285C.462 in 2003]