2021 Oregon Revised Statutes
Chapter 470 - Small Scale Local Energy Projects
Section 470.620 - Bond pledges; trustees.


(1) Pledge all or any part of the fees received by the State Department of Energy under ORS 470.655 and all or any part of the moneys received in payment of energy efficiency and sustainable technology loans and small scale local energy program loans that are funded with revenue from bonds issued under ORS 470.610, interest on those amounts and other moneys credited to the Energy Project Bond Loan Fund.
(2) Pledge any moneys, loans or grants received from the federal government, this state or any city, county or political subdivision of this state for payment of revenue bonds issued under ORS 470.610.
(3) Vest in a trustee appointed by the Director of the State Department of Energy and approved by the State Treasurer such property, rights, powers and duties in trust as the director may determine. [2009 c.753 §24]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 13 - Housing, Games, Environment

Chapter 470 - Small Scale Local Energy Projects

Section 470.050 - Definitions.

Section 470.060 - Application for financing; content; fee.

Section 470.065 - Confidentiality of information provided by or on behalf of applicant.

Section 470.070 - Small Scale Local Energy Project Advisory Committee.

Section 470.080 - Standards for small scale local energy projects; rules; review of applications; referral to committee; committee criteria.

Section 470.090 - Approval or rejection of project financing by director; certification of amount of loan; findings; notice.

Section 470.100 - Committee review of rejection or approval in different amount; committee appeal to Governor; finality of Governor’s action.

Section 470.140 - Rulemaking authority; biennial report.

Section 470.150 - Loan contract; security; content.

Section 470.155 - Loan contract in form of intergovernmental agreement; provisions.

Section 470.170 - Security for loan.

Section 470.210 - Municipal corporation may enter into loan contract; purchase of municipal corporation’s general or revenue obligation.

Section 470.270 - General obligation refunding bonds.

Section 470.280 - General obligation bond repayment from sinking fund.

Section 470.300 - Small Scale Local Energy Project Administration and Bond Sinking Fund; uses; sources.

Section 470.310 - Procedure if sinking fund inadequate.

Section 470.500 - Goals.

Section 470.510 - State Department of Energy may enter contracts for loan issuance; financing of loans; consent of utility.

Section 470.525 - Quarterly report.

Section 470.530 - Qualifications; duties; certification program.

Section 470.535 - Applications for certification as project manager; selection factors.

Section 470.540 - State Department of Energy to notify unsuccessful applicants; time- table for certification of project manager.

Section 470.545 - Appeal of certification decision; fee.

Section 470.550 - Term of certification of project manager; certification approval letter; conditions for termination of certification.

Section 470.555 - Project managers; contract with qualified third parties; coordination.

Section 470.560 - Rules; certification standards; provision for preferred service providers.

Section 470.565 - Loan applicant request for energy savings projection; processing of loan applications.

Section 470.570 - Energy Project Supplemental Fund; sources; uses.

Section 470.575 - Jobs, Energy and Schools Fund; sources; uses.

Section 470.580 - Energy Project Bond Loan Fund; sources; uses.

Section 470.585 - Energy Revenue Bond Repayment Fund; uses.

Section 470.590 - Proposals; selection.

Section 470.600 - State Department of Energy may enter agreements to disburse supplemental capital funds; conditions.

Section 470.605 - Local governments may direct moneys to certain funds to finance loans; accounting of moneys.

Section 470.610 - Issuance of bonds; written declarations of State Department of Energy.

Section 470.615 - Payment of bonds.

Section 470.620 - Bond pledges; trustees.

Section 470.630 - Form of disbursement; conditions for issuance.

Section 470.635 - Requirement for energy savings projection; form of projection; use of certified primary contractors.

Section 470.640 - Amount of loans; exceptions.

Section 470.645 - Application for loan; contents.

Section 470.650 - Residential small scale local energy projects; weatherization program.

Section 470.655 - Project initiation fee; base efficiency package fee; rules.

Section 470.660 - Investor-owned utilities; requirements of system; rules; waiver.

Section 470.665 - Consumer-owned utilities; requirements of system; rules; waiver.

Section 470.675 - Cost eligibility for ratemaking purposes; loan repayment charges.

Section 470.680 - State Department of Energy to identify forms of acceptable security.

Section 470.685 - Recording liens; foreclosure of liens; attorney fees and costs.

Section 470.700 - Use of loan offset grant moneys; alternate mechanisms.

Section 470.710 - Apprenticeship and job training.

Section 470.715 - Costs of adopting rules.

Section 470.720 - Loan program information to be provided by utilities; rules.

Section 470.800 - Clean Energy Deployment Fund; sources; uses.

Section 470.805 - Renewable Energy Development Subaccount; sources; uses.

Section 470.810 - Clean energy deployment program; prevailing wage requirements; rules.

Section 470.815 - School district projects.