OAR 123-099-0020: Definitions

(1) “Act” means Chapter 25, sections 14 to 23, Oregon Laws 2023. (2) “Agreement” means a program repayable or forgivable loan contract between the Department and a Project Sponsor for an approved application that provides for the award amount from the Industrial Lands Loan Fund and the terms of the contract. (3) “Application” means the Department-prescribed form that an applicant submits to propose a project and to request a Program repayable or forgivable loan. (4) “Brownfield” has the meaning given that term in ORS 285A.185. (5) “Department” means the Oregon Business Development Department. (6) “Development project” has the meaning given that term in chapter 25, section 14(3), Oregon Laws 2023. (7) “Eligible project” means a development project or a planning project. (8) “Financial assistance” means a repayable loan or a forgivable loan. (9) “Environmental action” has the meaning given that term in ORS 285A.188. (10) “Industrial land” has the meaning given that term in chapter 25, section 14(6), Oregon Laws 2023. (11) “Industrial land development project” means a project for the acquisition, improvement, construction, demolition or redevelopment of publicly or privately owned utilities, buildings, land, transportation facilities or other facilities that assist the economic and community development of a municipality on land planned and zoned for industrial use. (12) “Planning project” has the meaning given that term in chapter 25, section 14(7), Oregon Laws 2023. (13) “Program” means the Semiconductor Industrial Lands Loan Program created by the Act that is authorized to provide certain repayable and forgivable loans. (14) “Private owner” has the meaning given that term in chapter 25, section 14(8), Oregon Laws 2023. (15) “Project sponsor” has the meaning given that term in chapter 25, section 14(9), Oregon Laws 2023. (16) “Semiconductor industry use” has the meaning given that term in chapter 25, section 14(11), Oregon Laws 2023. (17) “Public entity” has the meaning given that term in chapter 25, section 14(10), Oregon Laws 2023. (18) “Utilities” means broadband, electric power, natural gas, water service, sewer service, and any renewable energy source.