Subject to these rules, a loan may be approved to pay costs relating to the project including:

1. (1) The costs of buying or otherwise acquiring, building, installing, rehabilitating or reconstructing a water development project as defined in OAR 690-090-0010;
2. (2) Costs of obtaining a loan;
3. (3) Design, engineering and license costs;
4. (4) Reserves, interest costs relating to construction or interim financing, staff training, and site costs; and
5. (5) Grant matching funds or other costs of funds needed for the project.

Statutory/Other Authority

ORS 541

Statutes/Other Implemented

ORS 541.700, 541.705, 541.750, 541.770 & 541.835

History

WRD 3-1997, f. & cert. ef. 4-15-97