Relating to Wallowa Rural and Recreational Economic Development Region; declaring an emergency.

Establishes Wallowa Rural and Recreational Economic Development Board. Directs board to, in collaboration with Oregon Business Development Department, formulate and implement strategies and practices for strategic investment in workforce housing, workforce development and economic development in Wallowa Rural and Recreational Economic Development Region and to make grants or loans to eligible applicants in region. Sets forth duties, functions and responsibilities of department and board. Allows county to partition and rezone up to 50 acres of lands within region from resource use to residential uses. Sunsets January 2, 2035. Establishes Wallowa Rural and Recreational Economic Development Board Fund and continuously appropriates moneys to department for distribution to board for purposes set forth in Act. Appropriates moneys to department for deposit in fund. Declares emergency, effective on passage.