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SB759 • 2025

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.

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.

Passed Legislature

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

Sponsor
Senator Gorsek, Senator Meek,, Representative Ruiz,
Last action
2025-06-27
Official status
In Senate Committee
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

  1. 2025-06-27 Senate

    In committee upon adjournment.

  2. 2025-03-25 Senate

    Public Hearing held.

  3. 2025-01-17 Senate

    Referred to Labor and Business.

  4. 2025-01-13 Senate

    Introduction and first reading. Referred to President's desk.

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