Oregon Administrative Rules
Chapter 340 - DEPARTMENT OF ENVIRONMENTAL QUALITY
Division 176 - UNDERGROUND STORAGE TANK LOAN GUARANTEE
Section 340-176-0005 - Authority, Purpose, and Scope
Universal Citation: OR Admin Rules 340-176-0005
Current through Register Vol. 63, No. 3, March 1, 2024
(1) These rules are promulgated in accordance with and under the authority of ORS 466.706 through 466.835 as amended by Chapter 863, Oregon Laws, 1991 (Senate Bill 1215). These rules are in addition to OAR Chapter 340, Division 172.
(2) The purpose of these rules is to:
(a) Provide for the regulation of persons who
receive loan guarantees for UST project work at UST facilities holding or that
previously held an accumulation of motor fuel for resale; and
(b) Provide for the regulation of commercial
lending institutions who issue guaranteed UST loans.
(3) These rules establish requirements and standards for:
(a) Loan guarantees for UST
project work;
(b) Applying and
qualifying for a guaranteed loan through a commercial lending
institution;
(c) Loan default;
and
(d) Administration and
enforcement of these rules by the Department.
Stat. Auth.:ORS 466.706 -ORS 466.895 &ORS 466.995
Stats. Implemented: OL 1989, Ch. 1071
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.
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