ORS § 285B.799

Current through 2024 Regular Session legislation

Section 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:

(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.

ORS 285B.799

2021 c. 676, § 7

See note under 285B.780.

Section 9, chapter 676, Oregon Laws 2021, provides:

Sec. 9. Program evaluation by legislature; recommendations. (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]