Authorizes the Oregon Business Development Department to provide financial assistance to projects related to industrial land.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Last action: 2025-08-13
Official status: Chapter Number Assigned
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-08-13 House
Chapter 566, (2025 Laws): Effective date January 1, 2026.
2025-07-24 House
Governor signed.
2025-06-30 House
Speaker signed.
2025-06-30 Senate
President signed.
2025-06-27 Senate
Recommendation: Do pass the A-Eng. bill.
2025-06-27 Senate
Second reading.
2025-06-27 Senate
Rules suspended. Third reading. Carried by McLane. Passed. Ayes, 28; Nays, 1--Robinson; Excused, 1--Thatcher.
2025-06-26 House
Third reading. Carried by Nguyen D. Passed. Ayes, 46; Absent, 1--Chotzen; Excused, 7--Cate, Harbick, Helfrich, Nguyen H, Reschke, Wallan, Yunker; Excused for Business of the House, 6--Boshart Davis, Drazan, Javadi, Scharf, Smith G, Speaker Fahey.
2025-06-26 Senate
First reading. Referred to President's desk.
2025-06-26 Senate
Referred to Ways and Means.
2025-06-25 House
Recommendation: Do pass with amendments and be printed A-Engrossed.
2025-06-25 House
Second reading.
2025-06-24 House
Work Session held.
2025-06-24 House
Returned to Full Committee.
2025-06-24 House
Work Session held.
2025-06-12 House
Assigned to Subcommittee On Capital Construction.
2025-03-20 House
Recommendation: Do pass and be referred to Ways and Means by prior reference.
2025-03-20 House
Referred to Ways and Means by prior reference.
2025-03-17 House
Work Session held.
2025-02-10 House
Public Hearing held.
2025-01-17 House
Referred to Economic Development, Small Business, and Trade with subsequent referral to Ways and Means.
2025-01-13 House
First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act would allow the state to aid sponsors with the financing of industrial land projects. (Flesch Readability Score: 63.6).
Authorizes the Oregon Business Development Department to provide financial assistance to projects related to industrial land. Establishes the Industrial Site Loan Fund in the State Treasury. [<i>Allocates lottery funds for deposit in the fund for the purpose of funding financial assistance to industrial land projects.</i>].
Relating to: Relating to industrial development.
Current location: Chapter Number Assigned