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Senate committee backs amendment allowing loan for Port of Coos Bay shipyard repairs
Summary
The Oregon Senate Committee on Labor and Business adopted an amendment to Senate Bill 921 on March 18 that allows the Oregon Infrastructure Finance Authority to approve a loan to the Port of Coos Bay for repairs at the Charleston Shipyard and appropriates $1.5 million to the Oregon Port Revolving Fund.
The Oregon Senate Committee on Labor and Business on March 18 adopted a dash‑3 amendment to Senate Bill 921 that would allow the Oregon Infrastructure Finance Authority to enter a loan contract with the Port of Coos Bay for repairs to marine ways at the Charleston Shipyard and appropriates $1.5 million for the Oregon Port Revolving Fund.
The amendment replaces the bill text and directs 1.5 million dollars from the Administrative Services Economic Development Fund to the Oregon Business Development Department for deposit in the Oregon Port Revolving Fund for the purpose of making the loan. Committee members then voted to send the bill, as amended, to the Senate floor with a due‑pass…
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