Requires the Oregon Business Development Department to study the use of a loan loss reserve fund to support infrastructure improvement projects by underserved communities in Oregon and submit a report to the legislature by September 15, 2026.

Plain English Breakdown

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

Requires the Oregon Business Development Department to study the use of a loan loss reserve fund to support infrastructure improvement projects by underserved communities in Oregon and submit a report to the legislature by September 15, 2026.

Digest: The Act would have Business Oregon look at how to use a loan loss reserve fund for infrastructure work by underserved communities in this state.

What This Bill Does

• Digest: The Act would have Business Oregon look at how to use a loan loss reserve fund for infrastructure work by underserved communities in this state.
• The Act would require a report of the study be sent to the legislature.
• (Flesch Readability Score: 61.2).
• Requires the Oregon Business Development Department to study the use of a loan loss reserve fund to support infrastructure improvement projects by underserved communities in Oregon and submit a report to the legislature by September 15, 2026.

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.

Official Summary Text

Digest: The Act would have Business Oregon look at how to use a loan loss reserve fund for infrastructure work by underserved communities in this state. The Act would require a report of the study be sent to the legislature. (Flesch Readability Score: 61.2).
Requires the Oregon Business Development Department to study the use of a loan loss reserve fund to support infrastructure improvement projects by underserved communities in Oregon and submit a report to the legislature by September 15, 2026.
Relating to: Relating to the funding of infrastructure projects.
Current location: In Senate Committee

Current Bill Text

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83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
Senate Bill 759
Sponsored by Senator GORSEK; Representative RUIZ (Presession filed.)
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 have Business Oregon look at how to use a loan loss reserve fund for
infrastructure work by underserved communities in this state. The Act would require a report of the
study be sent to the legislature. (Flesch Readability Score: 61.2).
Requires the Oregon Business Development Department to study the use of a loan loss reserve
fund to support infrastructure improvement projects by underserved communities in Oregon and
submit a report to the legislature by September 15, 2026.
A BILL FOR AN ACT
Relating to the funding of infrastructure projects.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
The Oregon Business Development Department shall conduct a study of the
use of a loan loss reserve fund to support infrastructure improvement projects undertaken
by underserved communities in Oregon. The department shall submit a report of the study
to the interim committees of the Legislative Assembly related to economic development in
the manner provided under ORS 192.245 no 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.
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 2082