Oregon Administrative Rules
Chapter 690 - WATER RESOURCES DEPARTMENT
Division 95 - COLUMBIA RIVER BASIN WATER DEVELOPMENT LOAN PROGRAM
Section 690-095-0030 - Authority of Director
Universal Citation: OR Admin Rules 690-095-0030
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Loans over three million dollars that meet the statutory requirements of ORS 541.600 through 541.855 and these rules may only be approved by the commission.
(2) The director is authorized by the commission to approve loans under three million dollars that meet the statutory requirements of ORS 541.600 through 541.855 and these rules; approve, deny, amend, or set conditions of loans; establish loan interest rates; execute bond and loan documents; and sign all loan documents.
(3) The director shall:
(a) Give a periodic written report on all
loan activity to the commission;
(b) Assess each project in consultation with
the State Department of Fish and Wildlife, the State Parks and Recreation
Department, the Department of Environmental Quality and affected tribal
governments, and notify other interested parties who may be consulted, as
deemed appropriate. If a project may affect agricultural use, the department
shall also assess the project in consultation with the State Department of
Agriculture; and
(c) Take such
steps as are needed to recover loan funds and prevent their misuse, or to
prevent loan funds from being diverted from the originally approved
purpose.
Stat. Auth: ORS 536.027 & 541.646
Stats. Implemented: ORS 541-600 - 541.646
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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