Or. Admin. Code § 813-125-0036 - Program Continuation
(1) The CARE
program includes capital resources in the form of grants, loans and other
financial incentives or assistance, depending largely upon individual project
need. Loans must include loan terms and interest rates though interest rates
shall be established at rates below market levels, to be evaluated annually.
Funds returned through this process shall be reused by the program during the
term of agreement established through a contract with a Third Party
Administrator, or until such time that the Department determines the program is
no longer effective or funding is inadequate. At the time the program ends any
unused or uncommitted funds must be returned from any third party provider, not
including any agreed administrative expenses.
(2) The CARE program may be recapitalized
from time to time by the Oregon Legislature. In these instances, additional
funds are to be combined with any active and recycled funds as set forth in
Program Criteria design (813-037-0030)
and utilized in established pathways.
Notes
Statutory/Other Authority: ORS 456.502 & ORS 456.555
Statutes/Other Implemented: ORS 456.502 & ORS 456.555
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