Oregon Administrative Rules
Chapter 340 - DEPARTMENT OF ENVIRONMENTAL QUALITY
Division 178 - UNDERGROUND STORAGE TANK REDUCED INTEREST RATE LOANS
Section 340-178-0005 - Authority, Purpose, and Scope
Universal Citation: OR Admin Rules 340-178-0005
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 reduced interest rate loans for UST project work;
(b) Provide assistance to owners of
underground storage tanks regulated by ORS 466.706 to 466.835 and federal
regulation40 CFR 280; and
(c) Provide for the regulation of commercial
lending institutions who issue reduced interest rate loans for UST project
work.
(3) These rules establish requirements and standards for:
(a)
Reduced interest rates on loans for UST project work;
(b) Applying and qualifying for interest rate
payment to commercial lending institutions;
(c) Administration and enforcement of these
rules by the Department.
Publications: The publication(s) referred to or incorporated by reference in this rule are available from the agency.
Stat. Auth.:ORS 466.706 -ORS 466.895 &ORS 466.995
Stats. Implemented: OL 1989, Ch. 1071 & OL 1991, Ch. 863, Sec. 6 & 6a
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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