Or. Admin. Code § 629-022-0150

Current through Register Vol. 64, No. 1, January 1, 2025

Section 629-022-0150 - The Trust Contract

(1) A Landowner receiving Project approval for Trust funding under the loan program must execute a Loan Program Contract with the State Forester.

(2) The Loan Program Contract must include:

(a) An approved Project plan;

(b) Financial agreements for repayment of Trust funds under OAR 629-022-0300 through 629-022-0410; and

(c) A security instrument, if required by the State Forester, described in OAR 629-022-0160.

(3) No work may begin on the Practices described in the Project plan that are subject to Direct Cost Payments by the Trust until the contract is signed by all parties.

Or. Admin. Code § 629-022-0150

FB 4-1994, f. & cert. ef. 8-3-94; DOF2-2007, f. 1-10-07 cert. ef. 1-11-07; DOF 1-2009, f. 1-12-09, cert. ef 2-1-09

Stat. Auth.: ORS 526.700 - 526.730 & 526.745

Stats. Implemented: ORS 526.695 - 526.775