---
type: "Bill"
title: "Relating to loan limits for economic development."
description: "Increases limits for loans for certain business development projects made with moneys from Oregon Business Development Fund and provides for annual adjustment of limits for changes in Consumer Price Index."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2021 Regular Session"
identifier: "HB 2037"
citation: "Oregon HB 2037 (2021 Regular Session)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 2
action_count: 18
vote_count: 4
first_action: "2021-01-11T15:57:04+00:00"
last_action: "2021-09-25T15:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/0b61d764-0f35-446f-86ba-75e808795353"
source_url: "https://olis.oregonlegislature.gov/liz/2021R1/Measures/Overview/HB2037"
source_hash: "ca595bc130a2c549801bdf5e6f428400beaf898098be0007d81165fcb593f710"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-or"]
---

# Oregon HB 2037 (2021 Regular Session) — Relating to loan limits for economic development.

Increases limits for loans for certain business development projects made with moneys from Oregon Business Development Fund and provides for annual adjustment of limits for changes in Consumer Price Index.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2021R1/Downloads/MeasureDocument/HB2037/Introduced)
2. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2021R1/Downloads/MeasureDocument/HB2037/Enrolled)

## Votes

- Heard and Reported Out — **7–0** (pass) · lower
- Third reading. Carried by Kennemer. Passed. — **26–2** (pass) · upper
- Heard and Reported Out — **5–0** (pass) · upper
- Third reading. Carried by Kropf. Passed. — **54–0** (pass) · lower

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-01-11T15:57:04+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2021-01-20T04:40:25+00:00** Referred to Economic Recovery and Prosperity. `referral-committee`
- **2021-02-09T16:01:00+00:00** Public Hearing held.
- **2021-03-09T16:02:00+00:00** Work Session held.
- **2021-03-13T00:48:04+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2021-03-15T18:11:34+00:00** Second reading. `reading-2`
- **2021-03-17T02:38:16+00:00** Third reading. Carried by Kropf. Passed. `passage, reading-3`
- **2021-03-17T15:50:49+00:00** First reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2021-03-24T16:00:51+00:00** Referred to Labor and Business. `referral-committee`
- **2021-04-15T15:01:00+00:00** Public Hearing held.
- **2021-04-22T15:02:00+00:00** Work Session held.
- **2021-04-29T15:12:07+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2021-04-29T18:55:48+00:00** Second reading. `reading-2`
- **2021-05-03T18:53:57+00:00** Third reading. Carried by Kennemer. Passed. `passage, reading-3`
- **2021-05-05T18:51:40+00:00** Speaker signed. `passage`
- **2021-05-05T20:25:17+00:00** President signed. `passage`
- **2021-05-12T19:07:34+00:00** Governor signed. `executive-signature`
- **2021-09-25T15:00:00+00:00** Chapter 19, (2021 Laws): Effective date January 01, 2022.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0b61d764-0f35-446f-86ba-75e808795353`. Confidence: reported (aggregated from official Oregon legislature records).