Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 668 - LOCAL ENTERPRISE ZONE SPONSORSHIP
Section 123-668-1400 - Locally Available, Public Real Estate
Current through Register Vol. 63, No. 12, December 1, 2024
For purposes of ORS 285C.105(1)(g) and 285C.110:
(1) The zone sponsor shall:
(2) Except as otherwise precluded under Oregon or federal law/constitutional provisions, such firms are entitled to acquire the real estate identified in section (1) of this rule at a fair market rate/price, subject to the leasing or purchasing firm's prompt development or redevelopment of the property pursuant to an approved application for authorization.
(3) As used in ORS 285C.110 and for purposes of this rule, "municipal corporation" has the same meaning as found under ORS 294.311, including but not limited to any special or local service district, a people's utility district or a joint operating agency under ORS 262.005.
Stat. Auth.: ORS 285A.075 & 285C.060(1)
Stats. Implemented: ORS 285C.105 & 285C.110