Or. Admin. Code § 690-095-0005

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

Section 690-095-0005 - Purpose, Statutory Authorization

(1) The Water Development Fund [Article XI-I(1), Constitution of Oregon] provides financing for loans for the construction of water development projects for irrigation, drainage, fish protection, watershed restoration and municipal uses and for the acquisition of easements and rights of way for water development projects authorized by law.

(2) These rules establish procedures and standards for administration of the Columbia River Basin Water Development Loan Program to provide for loans that have a high probability of repayment and are adequately secured in the event of default. The Columbia River Basin Water Development Loan Program implements provisions of Chapter 907, Oregon Laws 2009 related to loans to finance water development projects in the Columbia River Basin and various provisions of ORS Chapter 541, as amended by Chapter 907. These rules are authorized by ORS 541.646 and ORS Chapter 183.

WRD 2-2010, f. & cert. ef. 12-14-10

Stat. Auth: ORS 536.027 & 541.646

Stats. Implemented: ORS 541-600 - 541.646