Or. Admin. Code § 690-090-0019 - Loan Advisory Board
(1) The
director shall appoint a loan advisory board to review applications made under
ORS 541.700 through
541.855 and pursuant to these
rules and make recommendations thereon to the director. The members appointed
to the board shall be subject to the approval of the commission.
(2) At least five but not more than seven
members shall be appointed to the loan advisory board. The board shall be
composed of individuals with expertise in and representing interests of one or
more of the following: instream flow and watershed enhancement, finance or
banking, project development, agriculture, and local government
operations.
(3) Before appointing a
member to the board, the director shall mail notice to all persons and
organizations which have filed with the department a written request to be
included on the mailing list maintained for the Water Development Loan Fund
program.
(4) Appointments to the
board are not limited to individuals submitted for consideration as a result of
the solicitation process set forth in (3) above.
(5) Each member shall serve at the pleasure
of the director and be appointed to serve a two-year term. The term may exceed
two years, at the discretion of the director, until such time as a successor is
appointed and qualified. The director may provide administrative facilities and
services for the board.
(6) The
director shall annually appoint a chair of the board. The chair or chair's
designee shall preside over all board meetings. An affirmative act of the
majority of the appointed members shall be required to act on a loan
recommendation.
(7) The director
shall select a department employee to serve as secretary to the
board.
(8) The board shall hold
public meetings at the call of the director. The chair and secretary shall set
the date, time and place of meetings. The agenda for each meeting shall be
prepared by the secretary and the chair and shall include all matters to come
before the board at the meeting. The secretary shall send the agenda, the staff
loan recommendation and any related material to members and the applicant at
least one week prior to a meeting.
(9) Meetings may be run informally by the
chair. The chair or chair's designee shall sign all board documents unless a
member or the secretary is allowed by a board vote to do so.
(10) The director shall make public notice of
each loan advisory board meeting as provided in OAR 690-090-0035.
(11) The board shall hear comments on any
matter before it. The board may set time limits on comments.
(12) After its review, the board shall advise
the director in writing whether the project complies with OAR Chapter 690,
Division 090 and recommend the amount in which any loan should be made. The
director may accept, modify or reject the recommendation of the
board.
Notes
Stat. Auth.: ORS 541
Stats. Implemented: ORS 541.700 - ORS 541.855
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