Oregon Business Development Department
Chapter 123
Division 17
OPERATION OF OREGON BUSINESS DEVELOPMENT FUND
123-017-0007
Policy and Set Asides
(1) It is the policy of the Business Development Commission, the Finance Committee and the Business Development Department to make loans from the Oregon Business Development Fund to qualified applicants without regard to race, color, creed, sex, age or national origin.
(2) Fifteen percent of the available money in the Fund shall be set aside for loans to emerging small enterprises that are located in or draw their work forces from within distressed areas.
(3) The Oregon Targeted Development Account is hereby established within the Oregon Business Development Fund to make loans in distressed areas. The Commission authorizes the Department to transfer from time to time up to $10 million into or out of the Oregon Targeted Development Account.
Statutory/Other Authority: ORS 285A.075
Statutes/Other Implemented: ORS 285B.050 - 285B.098
History:
EDD 22-2009, f. 11-30-09, cert. ef. 12-1-09
EDD 5-2005, f. & cert. ef. 5-11-05
EDD 6-2001, f. & cert. ef. 10-9-01
EDD 11-1999, f. & cert. ef. 10-11-99
EDD 5-1990, f. & cert. ef. 3-5-90
EDD 9-1989(Temp), f. & cert. ef. 11-3-89
EDD 37-1988, f. & cert. ef. 12-15-88
EDD 10-1988, f. & cert. ef. 3-18-88
EDD 1-1984, f. & ef. 1-5-84