Oregon Administrative Rules
Chapter 330 - DEPARTMENT OF ENERGY
Division 105 - REVIEW OF LOAN REQUESTS BY THE SMALL SCALE LOCAL ENERGY PROJECT ADVISORY COMMITTEE
Section 330-105-0015 - Committee Review

Universal Citation: OR Admin Rules 330-105-0015

Current through Register Vol. 63, No. 9, September 1, 2024

(1) The Department will process each loan request and recommend approval or denial of the loan request and specify the amount, terms and conditions of the loan.

(2) The Department will send to the Committee members for review notice of its recommendations, together with a copy of the loan request and the staff review and findings, on the following:

(a) Any loan requests, other than state agency loan requests, of more than $100,000;

(b) State agency loan requests of more than $500,000;

(c) Loan assumption requests of more than $100,000 by non-government borrowers; and

(d) Loan increase requests of more than $25,000 and more than 10 percent of the original approved loan amount where the total loan amount exceeds the limits set above for Committee review.

(3) Failure of the Committee to respond to the Department within 14 days from the date of mailing of the Department's notice of its recommendations means concurrence with the Department's recommendations. Should a majority of Committee members, including the Chair, contact the Department and decline to hear the loan request before the 14 days have passed, the Department may proceed with its recommendation.

(4) The Secretary will inform the Committee members, in writing, of each loan amount or loan denial recommended to the Director.

Stat. Auth.: ORS 469 & 470.140

Stats. Implemented: ORS 470.080

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.