Or. Admin. Code § 124-010-0040

Current through Register Vol. 63, No. 12, December 1, 2024

Section 124-010-0040 - Application and Board Review

(1) Applications may be made to the Board for loan or grant funding for eligible projects at a time and place designated by the Board after consultation with the Department. Applications for a loan must include:

(a) A plan for repayment of moneys borrowed plus interest;

(b) Evidence of debt assurance of, or security for, repayment for the applicant; and

(c) Such other information as may be requested of the applicant to evaluate creditworthiness according to industry standards.

(2) The Board will publicly advertise all specific funding opportunities. The advertisement will detail all necessary information needed to submit an application including:

(a) Subject matter and purpose for each opportunity;

(b) Type of entity eligible to apply;

(c) Types of application materials required;

(d) Forms to be used; and

(f) Due dates

(3) The Board may establish review panels to prioritize all proposals received and make funding recommendations to the Board. The full Board will determine all awards after review of the Department's evaluation, public comment, review committee input, and any other input the Board deems necessary to make an informed decision.

Or. Admin. Code § 124-010-0040

EOBED 1-2019, adopt filed 10/04/2019, effective 10/4/2019

Statutory/Other Authority: ORS 284.771 - 284.801

Statutes/Other Implemented: ORS 284.771 - 284.801