Oregon Statutes 285B.753 – Indexing of annual revenue limit amount and total loan limit amount
(1) Beginning with the 2023 calendar year, the Oregon Business Development Department shall annually adjust the annual revenue limit amount specified in ORS § 285B.746 (2)(a) and the total loan limit amount specified in ORS § 285B.749 (2) by multiplying each amount by the percentage change in the monthly averaged Consumer Price Index for All Urban Consumers, West Region (All Items), as published by the Bureau of Labor Statistics of the United States Department of Labor, for the 12 consecutive months ending on the immediately preceding December 31 compared to the monthly averaged Consumer Price Index for All Urban Consumers, West Region (All Items), for the 12 consecutive months ending on December 31, 2021.
Terms Used In Oregon Statutes 285B.753
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(2) Notwithstanding subsection (1) of this section:
(a) The adjusted annual revenue limit amount specified in ORS § 285B.746 (2)(a) may not be less than $1.5 million.
(b) The adjusted total loan limit amount specified in ORS § 285B.749 (2) may not be less than $1 million. [2021 c.20 § 6; 2022 c.2 § 6]
[1991 c.688 § 11; 2007 c.70 § 73; repealed by 2007 c.804 § 86]