Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 680 - RURAL RENEWABLE ENERGY DEVELOPMENT ZONES
Section 123-680-1000 - Basic Points about RREDZs
Current through Register Vol. 63, No. 9, September 1, 2024
(1) An RREDZ terminates:
(2) An RREDZ (irrespective of OAR 123-650-1000) covers the entire territory of the designated:
(3) An RREDZ is permitted anywhere in this state, except within the UGB of a city with a population of 30,000 or more, according to the most recent decennial U.S. Census count, including but not limited to the entire (Portland-area) Metro UGB.
(4) RREDZs come in one of only the following three types:
(5) In appointing the local RREDZ manager, the sponsor is encouraged to select someone who also serves as the local zone manager for an enterprise zone whenever possible.
(6) There is no particular limit on the number of RREDZs statewide, although a city or county may not have two or more concurrent designations, with the following distinctions:
(7) The RREDZ exemption under ORS 285C.362 on the qualified property of a qualified business firm may not be derived from more than one overlapping RREDZ designation, except if there are two or more authorizations covering different property.
Statutory/Other Authority: ORS 285A.075 & 285C.370
Statutes/Other Implemented: ORS 285C.350 - 285C.370