OAR 340-054-0011
Authorized Fund Uses

DEQ will use the CWSRF only to:


Make loans to eligible borrowers identified in the Intended Use Plan developed under OAR 340-054-0025 (Clean Water State Revolving Fund Loans: Intended Use Plan (IUP) and Project Priority List);


Fund loan reserves specified in OAR 340-054-0036 (Clean Water State Revolving Fund Loans: Reserves, CWSRF General Fund and Project Funding);


Purchase bonds or acquire other debt obligations incurred after March 7, 1985 as OAR 340-054-0071 (Purchase and Refinancing of Debt Obligation: Debt Obligation Purchase) provides;


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


Earn interest on fund accounts;


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


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

Source: Rule 340-054-0011 — Authorized Fund Uses, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=340-054-0011.

Last Updated

Jun. 8, 2021

Rule 340-054-0011’s source at or​.us