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Oregon Revised Statutes Title 26A. Economic Development § 285B.420

Current as of January 01, 2023 | Updated by FindLaw Staff

(1) The Oregon Infrastructure Finance Authority may provide financial assistance in the form of loans or grants for a levee project to:

(a) Drainage districts organized under ORS chapter 547;

(b) Corporations or companies for drainage or flood control organized under ORS chapter 554; and

(c) For-profit or nonprofit entities and individuals engaged in the ownership, construction, inspection, accreditation, certification or repair of levees.

(2) To qualify for financial assistance under this section, the district, corporation, company, entity or individual must demonstrate, and the authority must find, that the levee project substantially contributes to the improvement, expansion or repair of the state's or a municipality's infrastructure system and is essential for the use or development of farm, industrial or commercial land in Oregon.

(3) Levee projects that receive financial assistance under this section are subject to the provisions and requirements of ORS 285B.410 to 285B.482, if applicable.

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Cite this article: FindLaw.com - Oregon Revised Statutes Title 26A. Economic Development § 285B.420 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-26a-economic-development/or-rev-st-sect-285b-420/

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