Or. Admin. Code § 340-054-0011 - Authorized Fund Uses

DEQ will use the CWSRF only to:

(1) Make loans to eligible borrowers identified in the Intended Use Plan developed under OAR 340-054-0025;

(2) Fund loan reserves specified in OAR 340-054-0036;

(3) Purchase bonds or acquire other debt obligations incurred after March 7, 1985 as OAR 340-054-0071 provides;

(4) Pay CWSRF program administration costs to the extent federal and state law allow;

(5) Earn interest on fund accounts;

(6) Establish reserves for bonds issued by the state for use by the fund; or

(7) Pay principal and interest of bond obligations sold to benefit the fund.

Notes

Or. Admin. Code § 340-054-0011

DEQ 11-2012, f. & cert. ef. 12-14-12; DEQ 2-2014, f. 1-28-14, cert. ef. 2-3-14; DEQ 9-2015, f. & cert. ef. 10/16/2015; DEQ 18-2017, amend filed 11/06/2017, effective 11/7/2017

Statutory/Other Authority: ORS 468.020 & 468.440

Statutes/Other Implemented: ORS 468.423-468.440