1. (1) In order to receive an Award, a Municipality must consult with Business Oregon and complete the preapplication process as prescribed by Business Oregon.

2. (2) Once the preapplication process is complete, and Business Oregon has confirmed the Project’s eligibility, Business Oregon will provide the Municipality with all necessary information to complete an application, which will include information that allows the Authority to;

   1. (a) Analyze the Municipality’s capacity to repay and secure the loan; and
   2. (b) Analyze the Project’s readiness to proceed and feasibility, including review of the following:

   3. (i) Project description;

      1. (ii) Detailed Project budget;
      2. (iii) Project location;
      3. (iv) Project timeline;
      4. (v) A certified engineering report; and
      5. (vi) Identification of other funds needed to complete the Project.
3. (3) The application must be signed by the Municipality’s highest elected official or by a duly authorized person.
4. (4) The Authority will only process completed applications.

Statutory/Other Authority

ORS 285B.419 & 285A.075

Statutes/Other Implemented

ORS 285B.410 - 285B.482

History

OBDD 11-2026, amend filed 06/18/2026, effective 06/18/2026
OBDD 7-2026, renumbered from 123-042-0122, filed 04/15/2026, effective 04/15/2026
OBDD 4-2016, f. & cert. ef. 2-29-16
OBDD 9-2015(Temp), f. & cert. ef. 10-1-15 thru 3-27-16
OBDD 41-2010, f. 11-30-10, cert. ef. 12-1-10
EDD 10-2006, f. & cert. ef. 11-1-06