Or. Admin. Code § 690-090-0005

Current through Register Vol. 63, No. 11, November 1, 2024

Section 690-090-0005 - Purpose

(1) The Water Development Fund, referred to in these rules as the Water Development Loan Fund, was created to provide loans to develop the water resources of the state. The fund was established in the Water Development Act, Chapter 246, 1977 Laws and approved by a general election in November, 1977. The Act was subsequently amended to authorize loans for community water supply projects which benefit communities of less than 30,000 population, fish protection projects, and watershed enhancement projects. The Act is codified in ORS 541.700 to ORS 541.855.

(2) These rules provide instructions for the administration of the loan program.

WRD 1-1978, f. & ef. 2-13-78; WRD 1-1982, f. & ef. 1-11-82; WRD 9-1982, f. & ef. 8-9-82; WRD 15-1988, f. & cert. ef. 9-20-88; WRD 3-1997, f. & cert. ef. 4-15-97

Stat. Auth.: ORS 183 & ORS 541

Stats. Implemented: ORS 541.845