Or. Admin. R. 274-028-0001

Current through Register Vol. 63, No. 8, August 1, 2024

Section 274-028-0001 - Purpose and Objectives

(1) This division is established to administer the provisions of ORS 407.145 and 407.225. These rules, together with the Processing Manual, shall implement the Veterans' Home Improvement Loan Program.

(2) The program's objective is to provide funds to finance qualified improvements of owner occupied, residential housing for qualified veterans in the State of Oregon. Where context allows, the provisions of OAR chapter 274, divisions 020, 021, 022 and 025 apply equally to the Veterans' Home Improvement Loan Program loans for which applications are received on or after November 12, 1997. No improvement will be financed that is inconsistent with the provisions of ORS chapter 407, ODVA's Processing Manual, section 143 of the Internal Revenue Code of 1986 and any subsequent changes as they are effected. Copies of section 143 of the Internal Revenue Code of 1986 and the Processing Manual are on file with the Oregon Department of Veterans' Affairs, 700 Summer Street NE, Salem Oregon, and available to the public Monday through Friday between the hours of 8 a.m. and 5 p.m.

DVA 6-1997, f. & cert. ef. 10-22-97; DVA 3-2007, f. & cert .ef. 9-25-07

Stat. Auth.: ORS 406.030, 407.115, 407.125, 407.145, 407.225

Stats. Implemented: ORS 407.115, 407.125, 407.145, 407.225