ORS 285B.009: Forgivable loans for planning projects.

(1)(a) The Oregon Business Development Department may make a forgivable loan to a project sponsor, for allowable costs related to a planning project, from moneys in the Industrial Lands Loan Fund established under ORS 285B.030, in accordance with this section.

      (b) The department shall determine the amount of a forgivable loan on a case-by-case basis.

      (2) A planning project eligible for a forgivable loan under this section may:

      (a) Be a stand-alone project that is not intended to lead to a development project.

      (b) Be a project that is intended to lead to a development project.

      (c) Include planning or investigation for an environmental action on a brownfield.