Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 92 - SMALL BUSINESS EXPANSION LOAN FUND (OREGON ROYALTY FUND)
Section 123-092-0040 - Reserved Loans
Current through Register Vol. 63, No. 9, September 1, 2024
The Department may reserve up to 20 percent of all moneys available for lending in the ORF on July 1 of each fiscal year for loans during the fiscal year that begins on that day to applicants who are individuals or for which a majority of whose owners are individuals considered to have low to moderate household income and low to moderate personal net worth, as defined by the Department, and who operate businesses:
(1) Controlled and with at least 51 percent ownership interest by minorities (as defined by the Department), women, or honorably discharged veterans; or
(2) That are located outside of the Portland, Oregon, Metropolitan Statistical Area.
Statutory/Other Authority: ORS 285B.092 & OL Ch 71 2018
Statutes/Other Implemented: ORS 285B.092 & OL Ch 71 2018