(2) The Oregon Infrastructure Finance Authority shall administer the Safe Drinking Water Revolving Loan Fund in accordance with a memorandum of understanding between the Oregon Infrastructure Finance Authority and the Oregon Health Authority.
(3) The Safe Drinking Water Revolving Loan Fund shall consist of:
(a) Moneys transferred to the fund by the Oregon Health Authority for purposes authorized by the memorandum of understanding between the Oregon Health Authority and the Oregon Infrastructure Finance Authority.
(b) Moneys transferred to the fund by the federal government, other state agencies or local governments.
(c) Moneys transferred to the fund by the Legislative Assembly or the Oregon Infrastructure Finance Authority.
(d) Proceeds from the sale of revenue bonds.
(e) Repayment of financial assistance provided with moneys from the fund.
(f) Interest and other earnings on moneys in the fund.
(4) Moneys in the Safe Drinking Water Revolving Loan Fund shall be used to provide financial or other assistance to publicly owned and privately owned water systems under the Safe Drinking Water Act Amendments of 1996, P.L. 104-182, and rules of the Oregon Business Development Department. As used in this subsection, "assistance" includes direct purchase by the Oregon Infrastructure Finance Authority of goods or services related to a water system project to the extent permitted by the memorandum of understanding between the Oregon Infrastructure Finance Authority and the Oregon Health Authority, and by the Safe Drinking Water Act Amendments of 1996, and as authorized by rules of the Oregon Business Development Department.
(5) The owner of a water system may borrow from the Safe Drinking Water Revolving Loan Fund by entering into a loan agreement with the Oregon Infrastructure Finance Authority. The owner of a municipally owned water system may enter into a loan agreement with the Oregon Infrastructure Finance Authority notwithstanding any restriction on indebtedness in the charter or bylaws of the municipality or any other provision of law. Moneys owed to the Oregon Infrastructure Finance Authority by the borrower under a loan agreement may be paid from:
(a) Revenue from any water system project of the borrower, including special assessment revenue;
(b) Amounts withheld under subsection (6) of this section;
(c) The general fund of the borrower;
(d) Any combination of sources listed in paragraphs (a) to (c) of this subsection; or
(e) Any other source.
(6) If a borrower fails to comply with a loan agreement entered into under subsection (5) of this section, the Oregon Business Development Department may seek appropriate legal remedies to secure any repayment due the Safe Drinking Water Revolving Loan Fund. If a borrower defaults on repayment due the fund, the State of Oregon may withhold any amounts otherwise due to the borrower. Any amounts withheld under this subsection shall be credited toward repayment of the borrower’s indebtedness to the fund. [1999 c.236 §1; 2001 c.883 §4a; 2003 c.773 §2; 2009 c.595 §199; 2009 c.830 §26a]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 285A - Economic Development I
Section 285A.010 - Definitions for ORS 284.101 to 284.148 and ORS chapters 285A, 285B and 285C.
Section 285A.045 - Duties and functions of commission; exercise of commission powers; rules.
Section 285A.050 - Biennial report; content.
Section 285A.055 - Prerequisites for certain commission actions.
Section 285A.060 - Advisory and technical committees.
Section 285A.075 - Department duties; rules; contract authority; foreign trade offices.
Section 285A.083 - Authority to require fingerprints for criminal records check.
Section 285A.091 - Oregon Infrastructure Finance Authority Board; members; terms; quorum.
Section 285A.093 - Board duties; rules.
Section 285A.096 - Oregon Infrastructure Finance Authority; duties; staff.
Section 285A.101 - Administrator; powers; rules; staff.
Section 285A.103 - Oregon Infrastructure Finance Fund; sources; uses; rules.
Section 285A.116 - Regions for job development; economic innovation coordination.
Section 285A.143 - Sister State Committee; membership; term.
Section 285A.145 - Sister State Committee authority.
Section 285A.148 - Oregon-China Sister State Committee; membership; term.
Section 285A.152 - Oregon-China Sister State Committee authority.
Section 285A.157 - Oregon Broadband Advisory Council Fund; sources of funds.
Section 285A.160 - Biennial report.
Section 285A.166 - Oregon Broadband Office; duties.
Section 285A.185 - Brownfields redevelopment; department duties; rules.
Section 285A.190 - Oregon Coalition Brownfields Cleanup Program; loans and grants; rules.
Section 285A.192 - Oregon Coalition Brownfields Cleanup Fund; sources; uses.
Section 285A.193 - Definitions.
Section 285A.195 - Application process.
Section 285A.196 - Documentation required for forgiveness; repayment for noncompliance; cure.
Section 285A.197 - Rulemaking for administration of loan program.
Section 285A.198 - Oregon Brownfield Properties Revitalization Fund.
Section 285A.200 - Gifts; federal aid; fees.
Section 285A.206 - Department to prepare financial statements; contents; reporting period.
Section 285A.213 - Safe Drinking Water Revolving Loan Fund; administration; sources; uses.
Section 285A.224 - Business Retention Fund; purpose; administration; uses; rules.
Section 285A.227 - Oregon Business, Innovation and Trade Fund; uses; sources; rules.
Section 285A.230 - University Innovation Research Fund; grants.
Section 285A.240 - Legislative findings.
Section 285A.303 - Findings; purpose.
Section 285A.325 - Foreign trade zones; operators of zones.
Section 285A.328 - Specific corporation authorized to maintain foreign trade zone.
Section 285A.340 - Legislative findings; declaration of policy.
Section 285A.349 - Evaluation of effectiveness of assistance.
Section 285A.420 - Legislative findings.
Section 285A.422 - Definitions for ORS 285A.420 to 285A.435.
Section 285A.430 - Revenue bonds to finance agricultural projects.
Section 285A.435 - Beginning and Expanding Farmer Loan Program Fund.
Section 285A.510 - Definitions for ORS 285A.510 to 285A.522.
Section 285A.522 - Annual report of plant closings and layoffs; contents.
Section 285A.654 - Port Planning and Marketing Fund; uses; sources; investment.
Section 285A.657 - Grants; purposes; application; eligibility; standards; prohibited funding.
Section 285A.660 - Funding priorities; port strategic business plans; rules.
Section 285A.666 - Definitions for ORS 285A.666 to 285A.732.
Section 285A.672 - Review of application; fee.
Section 285A.678 - Qualifications for approval of project funding.
Section 285A.681 - Loan from fund; required contract terms; repayment plan; rules.
Section 285A.687 - Filing of lien against port; notice of satisfaction.
Section 285A.690 - Powers to enforce loan agreement.
Section 285A.702 - Funds for joint projects or match money; form of application.
Section 285A.705 - Loan contract; required provisions.
Section 285A.708 - Oregon Port Revolving Fund; uses; sources; debt limit; prohibited use.
Section 285A.709 - Transfers to Port Planning and Marketing Fund.