Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 35 - PASS-THROUGH REVENUE BOND FINANCING PROGRAM
Section 813-035-0021 - Financing Commitments and Charges

Universal Citation: OR Admin Rules 813-035-0021

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

(1) The Department may finance Projects pursuant to written Commitments made to eligible Borrowers.

(2) Projects may be financed directly with proceeds from the issuance of Bonds or other available funds obtained by the Department. The Department may establish charges and interest rates for financing Projects based upon factors including but not limited to the following:

(a) The cost of borrowing through Bond issuance; and

(b) Other funds required to carry out the Program.

(3) The Borrower shall comply with all provisions of the Program and the Act.

(4) The Department may take appropriate enforcement action in accordance with the Commitment and other Project documents, or as otherwise available at law.

(5) The Department may finance Projects in such order, as in the sole judgment of the Department, best achieves the purposes of the Program and the Act.

Stat. Auth.: ORS 90.800 - 90.840, 91.886, 183, 456.515 - 456.723 & 458.210 - 458.650 \

Stats. Implemented: ORS 456.515 - 456.720

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.