1. (1) The Finance Manager shall be the sole judge of the suitability and eligibility of a Project for financing from the Fund, and approval of such financing shall be in the sole discretion of the Finance Manager.
2. (2) If the Finance Manager approves a loan for a Project, the Department shall pay monies for the Project from the Fund, in accordance with the terms of the loan contract as prescribed by the Finance Manager.
3. (3) If the Finance Manager determines that a loan should be made, the Finance Manager shall also determine the amount of the loan and authorize the disbursement of the funds. The Finance Manager may authorize the Department to disburse the funds and execute such documents as may be necessary to conclude the transaction.

Statutory/Other Authority

ORS.285A.075

Statutes/Other Implemented

ORS 285A.075, .285B.740 - 285B.758, Ch. 765 & OL 1993

History

OBDD 1-2023, amend filed 01/18/2023, effective 01/18/2023
OBDD 4-2022, temporary amend filed 03/09/2022, effective 03/09/2022 through 09/02/2022
OBDD 34-2010, f. & cert. ef. 10-1-10
OBDD 10-2010(Temp), f. & cert. ef. 4-12-10 thru 10-9-10
EDD 12-1992, f. & cert. ef. 8-26-92
EDD 16-1991(Temp), f. & cert. ef. 11-8-91