OAR 123-001-0050: Definitions

For purposes of this division of administrative rules, and generally throughout this chapter of administrative rules, unless the context demands otherwise: (1) Authority means the Infrastructure Finance Authority within the Oregon Business Development Department. (2) Board means the Oregon Infrastructure Finance Authority Board. (3) Brownfield means real property where expansion or redevelopment is complicated by actual or perceived environmental contamination as defined in ORS 285A.185(1). (4) Collateral means property subject to a security interest or agriculture lien, as well as proceeds to which security interests attaches, and those defined in ORS 79.1050. (5) Commission means the State of Oregon Business Development Commission appointed under ORS 285A.040. (6) Department means the State of Oregon Business Development Department as established under ORS 285A.070. (7) Director means the director of the Oregon Business Development Department as appointed under ORS 285A.070. (8) Distressed Area means a geographic area within the state of Oregon that meets the criteria set forth under OAR 123-024-0031. (9) Finance Committee means the financial committee formed by the Oregon Business Development Commission as defined in OAR 123-001-0520. (10) Financial Institution means a financial institution as defined in ORS 706.008. (11) First Source Hiring Agreements means the hiring agreements as described in OAR 123-070. (12) Grant means an award of monies to an approved recipient for eligible purposes. (13) Governor means the sitting Governor of the State of Oregon, pursuant to Article V of the Constitution of Oregon. (14) Loan means department financing provided to an approved recipient for eligible purposes. (15) Port means a municipal corporation organized under ORS chapter 777 or 778, which may be known as a "port authority" or "port district." (16) Rural Area means an area located entirely outside of the acknowledged Portland Metropolitan Area Regional Urban Growth Boundary and the acknowledged urban growth boundaries of the cities with populations of 30,000 or more according to the most recent population estimates developed by the Portland State University, Population Research Center. (17) Small Business means a business having 100 or fewer employees in accordance with ORS 285A.010(9) (18) State Revenue Bonds means bonds issued by the State of Oregon that are payable from specific revenue sources and are not a pledge of the full faith and credit of the State of Oregon.