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Senate hears bill to create loan‑loss reserve for rural and underserved public infrastructure projects
Summary
Senate Bill 759 (dash 2) would direct the state Department of Energy to establish a loan loss reserve program to support infrastructure projects in rural and underserved communities; the program would provide loans, grants, interest buy‑downs and workforce requirements.
The Senate Committee on Labor and Business held a public hearing on Senate Bill 759 on March 25. The underlying bill directed the Oregon Business Development Department to study a loan loss reserve fund for infrastructure projects in underserved communities; a dash 2 amendment replaced that text with a program directing the Department of Energy to establish a loan loss reserve program.
Under the dash 2 amendment, the Department of Energy would establish a loan loss reserve program…
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