Or. Admin. Code § 340-017-0015 - Definitions
(1) "Investment"
means the amount of money a person invests to acquire or construct equipment,
personal property or machinery necessary to collect, transport, or process
reclaimed plastic or to manufacture a reclaimed plastic product. An investment
shall be determined to have been made on the date a sales contract is agreed to
by the buyer or the date of issuance of a purchase order.
(2) "Circumstances Beyond the Control of the
Applicant" means facts, conditions and circumstances which applicant's due care
and diligence would not have avoided.
(3) "Commission" means Environmental Quality
Commission or the Commission's sub-delegate.
(4) "Department" means Department of
Environmental Quality.
(5)
"Personal Property' means any investment in property directly related to the
operation of the industry or enterprise seeking the tax credit, which make a
significant contribution to the collection, transportation or processing of
reclaimed plastic or the manufacture of a reclaimed plastic product, excluding
land and buildings.
(6) "Qualifying
Business" means a business in Oregon that collects, transports, or processes
reclaimed plastic or manufactures a reclaimed plastic product.
(7) "Reclaimed Plastic" means plastic from
industrial consumers, commercial users or post-consumer waste. "Reclaimed
Plastic" includes shredded plastics, regrind, pellets or any other similar
products manufactured from Oregon industrial consumers, commercial users, or
post consumer waste that is sold for the purpose of making an end product out
of reclaimed plastic and is intended to be used to manufacture a non-medical or
non-food plastic product.
(8)
"Reclaimed Plastic Product" means a plastic product of real economic value for
which more than 50 percent of the plastic used in the product is reclaimed
plastic.
(9) "Special
Circumstances" means emergencies which call for immediate erection,
construction or installation of a facility, cases where applicant has relied on
incorrect information provided by Department personnel as demonstrated by
letters, records of conversations or other written evidence, or similar
adequately documented circumstances which directly resulted in applicant's
failure to file a timely application for preliminary certification.
Notes
Stat. Auth.:ORS 468.150
Stats. Implemented:ORS 468.150 -ORS 468.190
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