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

Universal Citation: OR Admin Rules 123-092-0040

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

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