OAR 123-019-0090
Payment of Monies for Project


The Director shall be the sole judge of the suitability and eligibility of a Project for financing from the Fund, and approval of such financing shall be in the sole discretion of the Director.


If the Director approves a loan for a Project, the Department shall pay monies for the Project from the Fund, in accordance with the terms of the loan contract as prescribed by the Director.


If the Director determines that a loan should be made, the Director shall also determine the amount of the loan and authorize the disbursement of the funds. The Director may authorize the Department to disburse the funds and execute such documents as may be necessary to conclude the transaction.

Source: Rule 123-019-0090 — Payment of Monies for Project, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=123-019-0090.

Last Updated

Jun. 8, 2021

Rule 123-019-0090’s source at or​.us