ORS 468.425
Policy
(1)
To aid and encourage public agencies required to provide treatment works for the control of water pollution in the transition from reliance on federal grants to local self-sufficiency by the use of fees paid by users of the treatment works;(2)
To aid and encourage qualified institutions to assist in the protection or maintenance of water quality in the waters of this state by financing projects to repair or replace failing on-site septic systems or to replace failing on-site septic systems with connections to an available sewer;(3)
To accept and use any federal grant funds available to capitalize a perpetual revolving loan fund; and(4)
To assist public agencies in meeting treatment works’ construction obligations in order to prevent or eliminate pollution of surface and ground water by making loans from a revolving loan fund at interest rates that are less than or equal to market interest rates. [1987 c.648 §2; 2019 c.558 §2]
Source:
Section 468.425 — Policy, https://www.oregonlegislature.gov/bills_laws/ors/ors468.html.
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