2013 Oregon Revised Statutes
Volume : 13 - Water Resources, Agriculture and Food
Chapter 541 - Water Distributors; Water Releases; Conservation and Storage; Water Development Projects; Watershed Management and Enhancement
Section 541.725 - Standards for borrowers; rules.

The Water Resources Commission shall adopt rules establishing standards for borrowers obtaining loans issued from the Water Development Fund. The commission shall design the standards to ensure that all loans have a high probability of repayment and that all loans are adequately secured in the event of a default. The commission shall solicit comments from the Oregon Department of Administrative Services and the State Treasurer when designing the standards. The standards may include, but need not be limited to, standards that give preference to entities with ad valorem taxing authority. [2009 c.907 §2]

Note: 541.725 is repealed July 1, 2015. See section 40, chapter 784, Oregon Laws 2013.

Note: 541.725 was added to and made a part of 541.700 to 541.855 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.