75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
Enrolled
House Bill 2257
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
Presession filed (at the request of Governor Theodore R.
Kulongoski for Housing and Community Services Department)
CHAPTER ................
AN ACT
Relating to Community Development Incentive Project Fund;
amending ORS 458.715.
Be It Enacted by the People of the State of Oregon:
SECTION 1. ORS 458.715 is amended to read:
458.715. (1) The Community Development Incentive Advisory Board
shall:
(a) Develop program guidelines, including specific project
criteria and financing mechanisms.
(b) Review applications seeking funding from the Community
Development Incentive Project Fund and make recommendations for
funding approval to the Director of the Housing and Community
Services Department.
(c) Review proposals for cooperative agreements or joint
projects between the Housing and Community Services Department
and other agencies to facilitate the goals of the fund.
(2) Subject to available financing, the advisory board may
recommend, and the director may approve, any project that carries
out the goals of the fund.
{ + (3) Notwithstanding subsections (1) and (2) of this
section, the department may make loans or grants from the
Community Development Incentive Project Fund without advisory
board review or recommendation for the purpose of preserving
affordable housing. + }
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Enrolled House Bill 2257 (HB 2257-INTRO) Page 1
Passed by House February 17, 2009
...........................................................
Chief Clerk of House
...........................................................
Speaker of House
Passed by Senate March 31, 2009
...........................................................
President of Senate
Enrolled House Bill 2257 (HB 2257-INTRO) Page 2
Received by Governor:
......M.,............., 2009
Approved:
......M.,............., 2009
...........................................................
Governor
Filed in Office of Secretary of State:
......M.,............., 2009
...........................................................
Secretary of State
Enrolled House Bill 2257 (HB 2257-INTRO) Page 3