OAR 813-040-0035
Distribution of Funds

(1)

Once the Department has received satisfactory security, which may include but is not limited to an assignment of a mortgage or trust deed, the Department may disburse funds. The Nonprofit Borrower, or other Borrower, shall submit any invoices or paid receipts for Predevelopment Costs as stated in the Proposal to the Department each month with a progress report.

(2)

For market study requests, the Department may waive the requirement for security at its sole discretion.

Source: Rule 813-040-0035 — Distribution of Funds, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-040-0035.

Last Updated

Jun. 8, 2021

Rule 813-040-0035’s source at or​.us