1. (1) A Landowner receiving Project approval for Trust funding under the loan program must execute a Loan Program Contract with the State Forester.

2. (2) The Loan Program Contract must include:

   1. (a) An approved Project plan;
   2. (b) Financial agreements for repayment of Trust funds under OAR 629-022-0300 through 629-022-0410; and
   3. (c) A security instrument, if required by the State Forester, described in OAR 629-022-0160.
3. (3) No work may begin on the Practices described in the Project plan that are subject to Direct Cost Payments by the Trust until the contract is signed by all parties.

Statutory/Other Authority

ORS 526.700 - 526.730 & 526.745

Statutes/Other Implemented

ORS 526.695 - 526.775

History

DOF 1-2009, f. 1-12-09, cert. ef 2-1-09
DOF 2-2007, f. 1-10-07 cert. ef. 1-11-07
FB 4-1994, f. & cert. ef. 8-3-94