75th OREGON LEGISLATIVE ASSEMBLY--2009 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 378
 
                         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)
 
 
                             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.
 
  Allows Housing and Community Services Department to make loans
or grants from Community Development Incentive Project Fund
without review or recommendation by Community Development
Incentive Advisory Board for purpose of preserving affordable
housing.
 
                        A BILL FOR 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. + }
                         ----------