in writing, waive any of these rules. The waiver must serve the aims of the
program, not cause financial damage to the program, and not conflict with ORS
(2) May contract with
regulated financial institutions, state or federal agencies or others to
provide services, subsidies or grants to the program.
(3) May take such steps as are needed to
recover loan funds and prevent their misuse, or to prevent a project from being
diverted from its purposes.
delegate, in writing, authority to approve, deny or amend loans and to execute
bond and loan documents. A partial release of lien may be granted by the
Director upon the written request of a borrower if the security value of the
remaining security is adequate to secure the loan and meet the security
requirements of OAR 330-110-0040
. The Director will consider the
creditworthiness and repayment history of the borrower in considering such a
(5) May contract with a
person to operate a project in the event of any default that results in the
Department taking and running the project.
(6) May settle, modify or release any person
from liability for a loan so long as such action does not damage the
(7) May take any action
allowed by law to comply with federal codes and rules on bonding or to assure
the payment of program bonds.
Or. Admin. R.
DOE 12-1980, f. & ef.
12-16-80; DOE 6-1982, f. & ef. 4-21-82; DOE 2-1983, f. & ef. 5-16-83;
DOE 3-1983(Temp), f. & ef. 9-20-83; DOE 4-1984, f. & ef. 3-6-84; DOE
2-1986, f. & ef. 3-4-86; DOE 4-1988, f. & cert. ef. 7-26-88; DOE
2-1998, f. & cert. ef. 9-30-98; DOE 7-2004, f. & cert. ef. 12-20-04;
DOE 13-2012, f. & cert. ef. 12-20-12
Stat. Auth.: ORS 469 &
Stats. Implemented: ORS