Small Scale Local Energy Projects

ORS 470.715
Costs of adopting rules


The cost of adopting rules under ORS 470.140 (Rulemaking authority) to carry out ORS 470.500 (Goals) to 470.710 (Apprenticeship and job training):

(1)

May be paid from the Jobs, Energy and Schools Fund or Energy Project Bond Loan Fund; or

(2)

May be paid from the Small Scale Local Energy Project Administration and Bond Sinking Fund created under ORS 470.300 (Small Scale Local Energy Project Administration and Bond Sinking Fund) if the Director of the State Department of Energy and the State Treasurer find that:

(a)

A cash flow projection for the sinking fund shows that, for the term of the sinking fund bonds outstanding at the time the Director of the State Department of Energy transfers the moneys, remaining moneys in the sinking fund, together with expected loan contract payments and fund earnings, will improve the financial basis of the program and will continue to be adequate to pay bond principal, interest, redemption premiums, if any, and administration costs; and

(b)

The transfer will not create the need for issuance of any bonds. [2009 c.753 §47; 2011 c.467 §18]
Note: 470.715 (Costs of adopting rules) was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 470 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
Chapter 470

Notes of Decisions

There is nothing in this chapter which requires the Department of Energy or its director to recover loans or withhold future loan installments for the purpose of compelling compliance by the borrower with the wage and employment conditions of state law. State ex rel Building Council v. Bureau of Labor, 61 Or App 22, 656 P2d 325 (1982), Sup Ct review denied


Source

Last accessed
Jun. 26, 2021