The Department shall consider the following in its determination of which eligible Projects will be approved for receipt of funds from the Industrial Rail Spur Fund:
- (1) The amount of funding available.
- (2) Whether the Project will facilitate creation of new jobs and capital investment or the retention of existing jobs and capital investment that would otherwise be lost to Oregon.
- (3) Whether the Project leverages other development efforts by the state or other government units.
- (4) Supportive documents from the industry(s) and the railroad indicating the number of new carloads expected to be created within the first three years after construction of the project.
- (5) Whether the Project facilitates the retention and/or creation of jobs in economically distressed areas of the state.
Statutory/Other Authority
ORS 184.616, 184.619 & 823.011
Statutes/Other Implemented
ORS 367.070 & Sec. 10 & Ch. 741 OL 2003
History
RD 3-2004, f. & cert. ef. 5-20-04