SB921 • 2025

Authorizes the Oregon Infrastructure Finance Authority to approve a loan to the Oregon International Port of Coos Bay for shipyard repairs.

Passed Legislature

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

Sponsor: Senator Smith DB,, Anderson
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 Infrastructure Finance Authority to approve a loan to the Oregon International Port of Coos Bay for shipyard repairs.

Digest: This Act says that an agency may loan money to a port for shipyard repairs.

What This Bill Does

Digest: This Act says that an agency may loan money to a port for shipyard repairs.
(Flesch Readability Score: 78.8). [Digest: This Act requires OBDD to study shipyards.
(Flesch Readability Score: 78.8).] [Requires the Oregon Business Development Department to study needed investments in shipyards.
Directs the department to submit findings to the interim committees of the Legislative Assembly related to economic development not later than September 15, 2026.] [Sunsets on January 2, 2027.] Authorizes the Oregon Infrastructure Finance Authority to approve a loan to the Oregon International Port of Coos Bay for shipyard repairs.

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.
2025-03-24 Senate
Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)
2025-03-24 Senate
Referred to Ways and Means by order of the President.
2025-03-18 Senate
Work Session held.
2025-03-11 Senate
Public Hearing held.
2025-01-21 Senate
Introduction and first reading. Referred to President's desk.
2025-01-21 Senate
Referred to Labor and Business.

Official Summary Text

<b>Digest: This Act says that an agency may loan money to a port for shipyard repairs. (Flesch Readability Score: 78.8).</b>
[<i>Digest: This Act requires OBDD to study shipyards. (Flesch Readability Score: 78.8).</i>]
[<i>Requires the Oregon Business Development Department to study needed investments in shipyards. Directs the department to submit findings to the interim committees of the Legislative Assembly related to economic development not later than September 15, 2026.</i>]
[<i>Sunsets on January 2, 2027.</i>]
<b>Authorizes the Oregon Infrastructure Finance Authority to approve a loan to the Oregon International Port of Coos Bay for shipyard repairs. Allocates moneys from the Administrative Services Economic Development Fund for the purpose of making the loan.</b>
Relating to: Relating to shipyards.
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
A-Engrossed
Senate Bill 921
Ordered by the Senate March 24
Including Senate Amendments dated March 24
Sponsored by Senators SMITH DB, ANDERSON
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. The statement includes a measure digest written in compliance with applicable readability standards.
Digest: This Act says that an agency may loan money to a port for shipyard repairs.
(Flesch Readability Score: 78.8).
[Digest: This Act requires OBDD to study shipyards. (Flesch Readability Score: 78.8). ]
[Requires the Oregon Business Development Department to study needed investments in shipyards.
Directs the department to submit findings to the interim committees of the Legislative Assembly related
to economic development not later than September 15, 2026. ]
[Sunsets on January 2, 2027. ]
Authorizes the Oregon Infrastructure Finance Authority to approve a loan to the Oregon
International Port of Coos Bay for shipyard repairs. Allocates moneys from the Administra-
tive Services Economic Development Fund for the purpose of making the loan.
A BILL FOR AN ACT
Relating to shipyards.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
(1) Subject to the provisions of ORS 285A.666 to 285A.732, the Oregon
Infrastructure Finance Authority may approve, and enter into a loan contract based upon,
a project by the Oregon International Port of Coos Bay for the repair of marine ways at the
Charleston Shipyard.
(2) Any moneys deposited in the Oregon Port Revolving Fund under section 2 of this 2025
Act that are unexpended, unobligated and not subject to any conditions on July 1, 2027, shall
revert to the Administrative Services Economic Development Fund.
SECTION 2. There is allocated for the biennium beginning July 1, 2025, from the Admin-
istrative Services Economic Development Fund, to the Oregon Business Development De-
partment, the amount of $1,500,000 for deposit in the Oregon Port Revolving Fund, for the
purpose of making a loan described in section 1 of this 2025 Act.
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 3562