Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 20 - FORMATION OF PORTS
Section 123-020-0125 - Viability of Formation
Current through Register Vol. 63, No. 12, December 1, 2024
In reviewing the viability and merits of a proposed Port, the Authority will consider the following, in addition to the latest draft copy of the economic feasibility statement for district formation, if applicable, under ORS 198.749:
(1) A proposed budget of the proposed Port showing, among other things, capital improvements, staffing, and other sums and expenses required to implement and operate the proposed Port for a reasonable period;
(2) Adequacy of the existing tax base and proposed tax rate and the source and amounts of any other revenues estimated to be required; and
(3) Other financial information requested.
Stat. Auth.: ORS 285.075
Stats. Implemented: ORS 285A.627
