- (1) Grants shall cover 100% of any Credit Risk Premiums set forth in the granting of a federal RRIF loan.
- (2) No one Project shall receive more than 30% of the funds available to the Program outside of projects for RRIF financing.
- (3) Any railroad and/or shipper contributions can be cash, or a combination of cash and in-kind services.
- (4) Grants and loans will be awarded only when there are sufficient funds available to cover the costs of the loans and grants.
Statutory/Other Authority
ORS 184.616, 184.619, 367.066, 367.067 & 823.011
Statutes/Other Implemented
ORS 367.066(2) & 367.067
History
RD 4-2004, f. & cert. ef. 5-20-04