The loan agreement shall at a minimum specify:

1. (1) The specific purpose for which funds are advanced.
2. (2) The security to be provided.
3. (3) The schedule for payment of interest and principal.
4. (4) The source of funds to be pledged for repayment of the loan.
5. (5) The additional approvals that must be obtained from the Department prior to advance of funds or start of construction.

Statutory/Other Authority

ORS 468.195 - 468.220

Statutes/Other Implemented

ORS 468.423 - 468.440

History

DEQ 3-1991, f. & cert. ef. 2-15-91
DEQ 37-1990(Temp), f. & cert. ef. 8-29-90
DEQ 2-1983, f. & ef. 3-11-83