Oregon Administrative Rules
Chapter 340 - DEPARTMENT OF ENVIRONMENTAL QUALITY
Division 180 - UNDERGROUND STORAGE TANK LOAN GUARANTEE AND INTEREST RATE SUBSIDY PROGRAM
Section 340-180-0050 - Information Required on the UST Loan Guarantee Certificate Application
Current through Register Vol. 63, No. 3, March 1, 2024
(1) The underground storage tank loan guarantee certificate application shall include:
NOTE:Work qualifying for the loan guarantee certificate includes:
-1-Modification, replacement, and installation of any portion of the UST system containing motor fuel including replacement of paving and structures located immediately over the UST systems and are required to be removed and replaced due to work on the UST systems.
-2-Replacement of an underground storage tank system with an above ground storage tank system that meets existing state and local codes.
-3-Installation of the underground portion of any required Stage I vapor recovery system or anticipated future Stage II vapor recovery system.
-4-Soil remediation for soil contaminated with motor fuel including replacing excavated soil, paving and structures that are required to be removed during soil remediation.
NOTE:The total project cost will affect the priority for the loan guarantee application and the amount of the guarantee. The Department recommends that the applicant obtain three bids or estimates to identify an accurate total project cost. Where construction is completed prior to applying for a loan guarantee certificate the applicant may document project costs with paid invoices.
(2) The Department shall have access to books, documents, papers and records held by the applicant which are directly pertinent to qualifying for the loan guarantee certificate for the purpose of making audit, examination, excerpts and transcripts. The applicant shall maintain these records for three years after the initial loan date.
Stat. Auth.: ORS 466.706 -ORS 466.995
Stats. Implemented: OL 1989, Ch. 1071