OR HB2349

Authorizes the Oregon Business Development Department to provide financial assistance (loans, bond purchases, guarantees) to public and private project sponsors for industrial land development and planning projects

Establishes the Industrial Site Loan Fund in the State Treasury, with moneys continuously appropriated to the department; limits planning project expenditures to 1% of fund value per biennium

Eligible costs include property acquisition, transportation improvements, utility infrastructure, environmental remediation, land grading, and consultant/construction expenses

Eligible project sponsors include cities, counties, ports, the Port of Portland, federally recognized tribal councils, airport districts, and private owners with local government agreements

Loan repayment must begin within 7 years of project completion with terms not exceeding 30 years or the project's useful life; the state may withhold other amounts owed to sponsors who default