1. (1) The Division shall not accept loan applications from previous recipients of awards from the Fund.
2. (2) Loan applications shall be submitted to the Division no later than the deadline date specified in the request for applications.

3. (3) Loan applications shall contain the following information:

   1. (a) A description of the proposed project;
   2. (b) An itemization of costs of the proposed project;
   3. (c) The expected number of project beneficiaries;
   4. (d) Letters from at least two lending institutions stating the applicant does not qualify for loans under rates and terms which the applicant can reasonably be expected to meet;
   5. (e) A list of real property owned by the applicant and a verified report of all financial encumbrances against the described property(ies);
   6. (f) A financial statement of the applicant; and
   7. (g) Any other information required under the request for loan applications and application form.

Statutory/Other Authority

ORS 566

Statutes/Other Implemented

ORS 566.310 - 566.360

History

LB 3-1987, f. & ef. 5-6-87