OAR 340-180-0100
Application for Tax Credit Certificate
(1)
Any person wishing to obtain a Tax Credit Certificate for an interest rate subsidy on a loan for soil remediation, UST upgrading, and replacement of UST systems containing motor fuel shall submit a written application on a form provided by the Department.(2)
The underground storage tank loan interest rate subsidy application shall include all information required under OAR 340-180-0050 (Information Required on the UST Loan Guarantee Certificate Application)(1)(a)–(j).(3)
Applications which are unsigned or which do not contain the required exhibits (clearly identified) will not be accepted by the Department and will be promptly returned to the applicant for completion. The application will not be considered complete until the requested information is received. The application will be considered to be withdrawn if the applicant fails to submit the requested information within 180 days of the request.(4)
Applications which are complete will be accepted by the Department for processing.(5)
Within 30 days after the application is complete for processing, the Department will approve or deny the issuance of a Tax Credit Certificate.(6)
If, upon review of an application, the Department determines that the application does not meet the requirements of the statutes and rules, the Department shall notify the applicant in writing of this determination. Such notification shall constitute final action by the Department on this application.(7)
The Department shall have access to books, documents, papers and records held by the applicant which are directly pertinent to qualifying for the tax credit certificate for the purpose of making audit, examination, excerpts and transcripts. The applicant shall maintain these records for three years after the initial loan date.
Source:
Rule 340-180-0100 — Application for Tax Credit Certificate, https://secure.sos.state.or.us/oard/view.action?ruleNumber=340-180-0100.