SB66 • 2025

Authorizes the Oregon Business Development Department to survey state loan and grant programs for economic development.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Last action: 2025-06-27
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Authorizes the Oregon Business Development Department to survey state loan and grant programs for economic development.

Digest: The Act would let Business Oregon take stock of loans and grants made by the state to develop the economy.

What This Bill Does

Digest: The Act would let Business Oregon take stock of loans and grants made by the state to develop the economy.
(Flesch Readability Score: 63.8).
Authorizes the Oregon Business Development Department to survey state loan and grant programs for economic development.
Declares an emergency, effective on passage.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-06-27 Senate
In committee upon adjournment.
2025-01-17 Senate
Referred to Labor and Business, then Ways and Means.
2025-01-13 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: The Act would let Business Oregon take stock of loans and grants made by the state to develop the economy. (Flesch Readability Score: 63.8).
Authorizes the Oregon Business Development Department to survey state loan and grant programs for economic development.
Declares an emergency, effective on passage.
Relating to: Relating to economic development; declaring an emergency.
Current location: In Senate Committee

Current Bill Text

Read the full stored bill text

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83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
Senate Bill 66
Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with pre-
session filing rules, indicating neither advocacy nor opposition on the part of the President (at the request
of Senate Interim Committee on Labor and Business)
SUMMARY
The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject
to consideration by the Legislative Assembly. It is an editor’s brief statement of the essential features of the
measure as introduced. The statement includes a measure digest written in compliance with applicable readability
standards.
Digest: The Act would let Business Oregon take stock of loans and grants made by the state to
develop the economy. (Flesch Readability Score: 63.8).
Authorizes the Oregon Business Development Department to survey state loan and grant pro-
grams for economic development.
Declares an emergency, effective on passage.
A BILL FOR AN ACT
Relating to economic development; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
The Oregon Business Development Department may conduct a survey of
existing state loan and grant programs to identify gaps in access to funds for economic de-
velopment. If the department conducts the survey, the department shall submit a report of
its findings, in the manner provided by ORS 192.245, to the interim committees of the Leg-
islative Assembly related to economic development not later than September 15, 2026. The
report may include recommendations for legislation.
SECTION 2.
Section 1 of this 2025 Act is repealed on January 2, 2027.
SECTION 3. This 2025 Act being necessary for the immediate preservation of the public
peace, health and safety, an emergency is declared to exist, and this 2025 Act takes effect
on its passage.
NOTE: Matter in boldfaced type in an amended section is new; matter [ italic and bracketed] is existing law to be omitted.
New sections are in boldfaced type.
LC 1313