Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 99 - Industrial Lands Loan Fund
Section 123-099-0080 - Reporting Requirements

Universal Citation: OR Admin Rules 123-099-0080

Current through Register Vol. 63, No. 3, March 1, 2024

(1) Every Project Sponsor that enters into an Agreement with the Department shall be required to report on project activities, project expenditures, project milestones completed, overall outcomes any other information required by the Department, on forms or in a format prescribed by the Department. The time periods to be covered in each report, and the deadlines for submission shall be determined by the Department on a case by case basis depending upon the nature of the project activities and their schedule, and prescribed in the Agreement. Project activity reports shall be provided every six months from the date of the Agreement is executed until the Agreement is closed reporting on project activity, project expenditures, project milestones completed and overall outcomes unless otherwise modified and agreed to by the Department.

(2) The reporting obligations provided in section (1) cease on the earlier of the date the Agreement expires, the date the Agreement is terminated, or the date the Department has determined that the Project Sponsor has met their contractual obligations to have the loan forgiven or the Project Sponsor has repaid the loan in full.

Statutory/Other Authority: ORS 285A.075

Statutes/Other Implemented: OR Laws 2023 ch. 25 §4

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