Oregon Business Development Department
Chapter 123
Division 623
STRATEGIC INVESTMENT PROGRAM
123-623-3400
Operational Changes to Existing Designations
(1) The sponsor of an existing SIZ may revise any of its documentation, procedures or policies, including but not limited to establishing a different standardized agreement, by repeating OAR 123-623-3100(2) to (5) and submitting a request for approval of the revisions to the Department.
(2) The Department may:
(a) Convey the submission for consideration of approval by the Commission in accordance with OAR 123-623-3300; or
(b) Directly approve the request, sending the Commission a report of any such action, if deeming the revisions to be fully consistent with the original designation, and to be:
(A) Merely clarifying or enhancing administrative or technical matters;
(B) Changing a substantive criterion or requirement to only a relative degree; or
(C) Of a similar nature that does not warrant Commission review.
(3) Any such revision does not affect Abatement in the SIZ, for which the Department effectively received the Application on or before the effective date of approved changes, which the Department or Commission may not set earlier than when the Department received the official request from the sponsor.
Statutory/Other Authority: ORS 285A.075 & 285C.615(7)
Statutes/Other Implemented: ORS 285C.623 & 285C.626
History:
Renumbered from 123-023-3400 by OBDD 18-2010, f. 4-30-10, cert. ef. 5-1-10
EDD 25-2008, f. 7-31-08, cert. ef. 8-1-08