77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 3773

                         House Bill 3450

Sponsored by Representative WILLIAMSON; Representatives BAILEY,
  BOONE, CLEM, FREDERICK, KENY-GUYER, MATTHEWS, VEGA PEDERSON,
  Senators BURDICK, JOHNSON, THOMSEN

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.

  Establishes James Beard Public Market Project within Oregon
Business Development Department to award grants, make loans and
provide other financial assistance for James Beard Public Market.
  Establishes James Beard Public Market Project Fund.
Continuously appropriates moneys in fund to department for
purposes of project.
  Appropriates moneys from General Fund to department to
establish and implement project.
  Declares emergency, effective on passage.

                        A BILL FOR AN ACT
Relating to the James Beard Public Market; appropriating money;
  and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + The Legislative Assembly finds that:
  (1) The creation of the James Beard Public Market is a matter
of statewide importance in that it represents an innovative,
collaborative approach to regional economic development in
Oregon.
  (2) The creation of the James Beard Public Market offers
opportunities to manage public lands to meet local economic and
community development needs, grow local agricultural, farming and
fishing industries, support the growth of new business ventures,
integrate state and local governmental endeavors and initiatives,
increase jobs and enhance economic development in the Portland
metropolitan region.
  (3) It is desirable to make a financial commitment from the
State of Oregon that will allow public and private entities to
complete the creation of the James Beard Public Market, and that
making such a financial commitment will increase the likelihood
that other public, private or federal funds will be received for
purposes related to creation of the market. + }
  SECTION 2.  { + (1) There is established in the Oregon Business
Development Department the James Beard Public Market Project.
  (2) The department may award grants and make loans and
expenditures from the James Beard Public Market Project Fund
established under section 3 of this 2013 Act to provide financial
or other assistance to public and private entities, including but
not limited to nonprofit entities as defined in ORS 285B.323,
involved in the planning, designing, developing, building and
marketing the James Beard Public Market.
  (3) The department shall adopt rules to implement the
provisions of this section, including, but not limited to, the
awarding of grants and making of loans and the provision of other
financial assistance under this section. The rules shall include
eligibility standards, repayment criteria, including terms of
collateral and contractual terms, and other requirements,
including the payment of interest or the waiver of interest. + }
  SECTION 3.  { + (1) The James Beard Public Market Project Fund
is established in the State Treasury, separate and distinct from
the General Fund. Interest earned by the James Beard Public
Market Project Fund shall be credited to the fund.
  (2) Moneys in the fund consist of:
  (a) Amounts donated to the fund;
  (b) Amounts appropriated or otherwise transferred to the fund
by the Legislative Assembly;
  (c) Investment earnings received on moneys in the fund;
  (d) Repayment of loans and financial assistance; and
  (e) Other amounts deposited in the fund from any source.
  (3) Moneys in the fund are continuously appropriated to the
Oregon Business Development Department for purposes of section 2
of this 2013 Act and to pay the administrative costs associated
with the fund. + }
  SECTION 4.  { + Not later than March 1, 2015, the Oregon
Business Development Department shall report to the committees of
the Legislative Assembly related to economic development
regarding the James Beard Public Market Project established under
section 2 of this 2013 Act. + }
  SECTION 5.  { + There is appropriated to the Oregon Business
Development Department, for the biennium beginning July 1, 2013,
out of the General Fund, the amount of $500,000 for the purposes
of section 2 of this 2013 Act. + }
  SECTION 6.  { + This 2013 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2013 Act takes effect on its
passage. + }
                         ----------