DEQ will use the CWSRF only to:
- (1) Make loans to eligible borrowers identified in the Intended Use Plan developed under OAR 340-054-0025;
- (2) Fund loan reserves specified in OAR 340-054-0036;
- (3) Purchase bonds or acquire other debt obligations incurred after March 7, 1985 as OAR 340-054-0071 provides;
- (4) Pay CWSRF program administration costs to the extent federal and state law allow;
- (5) Earn interest on fund accounts;
- (6) Establish reserves for bonds issued by the state for use by the fund; or
- (7) Pay principal and interest of bond obligations sold to benefit the fund.
Statutory/Other Authority
ORS 468.020 & 468.440
Statutes/Other Implemented
ORS 468.423–468.440
History
DEQ 18-2017, amend filed 11/06/2017, effective 11/07/2017
DEQ 9-2015, f. & cert. ef. 10-16-15
DEQ 2-2014, f. 1-28-14, cert. ef. 2-3-14
DEQ 11-2012, f. & cert. ef. 12-14-12