2013 Oregon Revised Statutes
Volume : 11 - Public Health, Housing, Environment
Chapter 469 - Energy; Conservation Programs; Energy Facilities
Section 469.963 - Administration of Alternative Fuel Vehicle Revolving Fund; rules.
(1) In administering the Alternative Fuel Vehicle Revolving Fund, the State Department of Energy shall:
(a) Allocate funds for loans in accordance with procedures adopted by the department by rule.
(b) Use accounting, auditing and fiscal procedures that conform to generally accepted government accounting standards.
(c) Seek to maximize the ability of the Alternative Fuel Vehicle Revolving Fund to operate on a self-sustaining basis and to maintain a perpetual source of financing to provide loans as described in ORS 469.962.
(2) In connection with the loan program, the department may:
(a) Establish requirements for loans made from the Alternative Fuel Vehicle Revolving Fund to ensure that adequate funds will be available in the fund to pay the costs of administering the fund and the loan program.
(b) Exercise any remedies available to the department in connection with defaults on loans of advanced funds made to public bodies and tribes. [2013 c.774 §4]
Note: See note under 469.960.
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