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Oregon Rev. Stat.
2025 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 285A - Economic Development I
Section 285A.197 - Rulemaking for administration of loan program.
Universal Citation:
OR Rev Stat § 285A.197 (2025)
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The Oregon Business Development Department shall establish by rule the procedures and criteria for administration of the program established under ORS 285A.193 to 285A.198, including, but not limited to, the methods of determining:
(1) The distribution of forgivable loans;
(2) The amount of a forgivable loan, including enhancements listed in ORS 285A.194 (3);
(3) The terms of forgivable loan enhancements under ORS 285A.194 (3);
(4) The conditions attached to a loan;
(5) The circumstances in which forgivable loans must be repaid under ORS 285A.196; and
(6) Any means by which noncompliance with applicable performance or other conditions attached to a loan may be cured by the owner or operator. [2021 c.529 §6]
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