OAR 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 (Clean Water State Revolving Fund Loans: Intended Use Plan (IUP) and Project Priority List);

(2)

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

(3)

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;

(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.

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