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2011 Oregon Revised Statutes
ORS Volume 13, Chapters 536 - 644
ORS Chapter 541
541.725 Standards for borrowers; rules.


OR Rev Stat § 541.725 (through Leg Sess 2011) What's This?

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]

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