Section 470.290 – Bond indebtedness limited to constitutional limit.
No bonds shall be issued or sold under ORS 470.220 to 470.290 nor indebtedness incurred thereunder, which singly, or in the aggregate with previous debts or liabilities incurred for small scale local energy projects, shall exceed any limitation provided in the Oregon Constitution at the date of the issuance and sale of such bonds. If […]
Section 470.300 – Small Scale Local Energy Project Administration and Bond Sinking Fund; uses; sources.
(1) There hereby is created the Small Scale Local Energy Project Administration and Bond Sinking Fund, separate and distinct from the General Fund, to provide for payment of: (a) Administrative expenses of the State Department of Energy and the Director of the State Department of Energy in processing applications, investigating potential small scale local energy […]
Section 470.150 – Loan contract; security; content.
Except as provided in ORS 470.155 and 470.170, if the Director of the State Department of Energy approves the financing of a small scale local energy project, the director, on behalf of the state, and the applicant may enter into a loan contract, secured by a first lien or by other good and sufficient collateral […]
Section 470.310 – Procedure if sinking fund inadequate.
(1) If there are insufficient funds in the Small Scale Local Energy Project Administration and Bond Sinking Fund to make the payments referred to in ORS 470.300 (1), the Director of the State Department of Energy may request the funds necessary for such payments from the Legislative Assembly or the Emergency Board. (2) When the […]
Section 470.155 – Loan contract in form of intergovernmental agreement; provisions.
A loan contract with an eligible state agency for a small scale local energy project may be made in the form of an intergovernmental agreement under ORS chapter 190. The agreement shall set forth, among other matters, that: (1) The small scale local energy project shall be security for the loan. (2) The applicant pledges […]
Section 470.160 – Payment from loan funds.
If the Director of the State Department of Energy approves a loan for a small scale local energy project, the State Treasurer shall pay moneys for such project from the Small Scale Local Energy Project Loan Fund or Energy Project Bond Loan Fund in accordance with the terms of the loan contract, as prescribed by […]
Section 470.170 – Security for loan.
(1)(a) Except as otherwise provided in this subsection, when a loan is made under this chapter to an applicant other than a municipal corporation, the loan shall be secured pursuant to a mortgage, trust deed, security agreement, pledge, assignment or similar instrument, by a security interest or lien on real or personal property in the […]
Section 470.060 – Application for financing; content; fee.
(1) The following may file with the State Department of Energy an application to obtain moneys for a small scale local energy project as provided in this chapter: (a) An individual who is an Oregon resident; (b) An Oregon business; (c) A nonprofit or public cooperative; (d) A nonprofit corporation; (e) An eligible federal agency; […]
Section 470.065 – Confidentiality of information provided by or on behalf of applicant.
(1) The following records, communications and information furnished by or on behalf of the applicant under this chapter shall be confidential and maintained as such, if so requested in writing by the person providing the information: (a) Personal financial statements; (b) Financial statements of applicants; (c) Customer lists; (d) Information of an applicant pertaining to […]
Section 470.070 – Small Scale Local Energy Project Advisory Committee.
(1) The Director of the State Department of Energy shall appoint a Small Scale Local Energy Project Advisory Committee to review applications made under ORS 470.060 and rules adopted under ORS 470.080, other than applications for energy efficiency and sustainable technology loans, and make recommendations regarding those applications to the director. (2) Nine members shall […]