ORS 470.090
Approval or rejection of project financing by director

  • certification of amount of loan
  • findings
  • notice

(1)

After consideration of the recommendation of the Small Scale Local Energy Project Advisory Committee or the State Department of Energy as provided by ORS 470.080 (Standards for small scale local energy projects), the Director of the State Department of Energy may approve or reject the financing of a small scale local energy project described in an application filed as provided in ORS 470.060 (Application for financing), using moneys in the Small Scale Local Energy Project Loan Fund. Approval of a loan by the director shall include a certification of the amount of the loan.

(2)

The director’s approval of a loan for a small scale local energy project shall be based on a finding that:

(a)

The proposed small scale local energy project meets established standards and criteria under ORS 470.080 (Standards for small scale local energy projects);

(b)

The proposed project is consistent with the preservation and enhancement of environmental quality;

(c)

The proposed project is feasible and a reasonable risk from practical and economic standpoints;

(d)

The plan for development of the project is satisfactory;

(e)

The applicant is qualified, creditworthy and responsible and is willing and able to enter into a contract with the director for development and repayment as provided in ORS 470.150 (Loan contract) or 470.645 (Application for loan);

(f)

There is a need for the proposed small scale local energy project and the applicant’s financial resources are adequate to provide the working capital to maintain the project after completion;

(g)

Moneys in the loan fund are or will be available for the development of the proposed small scale local energy project;

(h)

A dwelling constructed before January 1, 1979, that will be served by a proposed space heating project is weatherized according to the standards established under ORS 469.155 (Advisory energy conservation standards for dwellings);

(i)

Except for a proposed space heating project for a dwelling under paragraph (h) of this subsection, the loan does not finance any project for which the projected economic value of the energy savings of the project during the first year the project is implemented is equal to or greater than the cost of the project; and

(j)

The loan will not preclude individuals and small businesses from access to loan moneys.

(3)

The director shall notify the applicant and the presiding officer of the committee of the director’s action and of the reasons for that action. The director shall inform the applicant of the review procedure established in ORS 470.100 (Committee review of rejection or approval in different amount). [1979 c.672 §5; 1981 c.50 §4; 1981 c.565 §4; 1983 c.188 §3; 2003 c.186 §58; 2005 c.201 §6; 2009 c.753 §58]

Source: Section 470.090 — Approval or rejection of project financing by director; certification of amount of loan; findings; notice, https://www.­oregonlegislature.­gov/bills_laws/ors/ors470.­html.

470.050
Definitions
470.060
Application for financing
470.065
Confidentiality of information provided by or on behalf of applicant
470.070
Small Scale Local Energy Project Advisory Committee
470.080
Standards for small scale local energy projects
470.090
Approval or rejection of project financing by director
470.100
Committee review of rejection or approval in different amount
470.110
Gifts credited to Small Scale Local Energy Project Loan Fund
470.120
Limit on loan to amount not funded by other sources
470.130
Appropriation of Small Scale Local Energy Project Loan Fund
470.135
Administration of small scale local energy project loan program funds and accounts
470.140
Rulemaking authority
470.145
State Department of Energy to develop marketing plan
470.150
Loan contract
470.155
Loan contract in form of intergovernmental agreement
470.160
Payment from loan funds
470.170
Security for loan
470.180
Withholding of state funds due to municipal corporation that defaults on loan
470.190
Remedies
470.200
Refinancing of project
470.210
Municipal corporation may enter into loan contract
470.220
Issuance of bonds
470.225
Procedure for bond issuance
470.230
Bond proceeds credited to Small Scale Local Energy Project Loan Fund
470.240
General obligation bonds to include promise to pay principal amount
470.270
General obligation refunding bonds
470.280
General obligation bond repayment from sinking fund
470.290
Bond indebtedness limited to constitutional limit
470.300
Small Scale Local Energy Project Administration and Bond Sinking Fund
470.310
Procedure if sinking fund inadequate
470.500
Goals
470.505
Delay or suspension of program
470.510
State Department of Energy may enter contracts for loan issuance
470.515
Rules
470.520
State Department of Energy may contract for performance of duties
470.525
Quarterly report
470.530
Qualifications
470.535
Applications for certification as project manager
470.540
State Department of Energy to notify unsuccessful applicants
470.545
Appeal of certification decision
470.550
Term of certification of project manager
470.555
Project managers
470.560
Rules
470.565
Loan applicant request for energy savings projection
470.570
Energy Project Supplemental Fund
470.575
Jobs, Energy and Schools Fund
470.580
Energy Project Bond Loan Fund
470.585
Energy Revenue Bond Repayment Fund
470.590
Proposals
470.595
Investment with financial manager
470.600
State Department of Energy may enter agreements to disburse supplemental capital funds
470.605
Local governments may direct moneys to certain funds to finance loans
470.610
Issuance of bonds
470.615
Payment of bonds
470.620
Bond pledges
470.630
Form of disbursement
470.635
Requirement for energy savings projection
470.640
Amount of loans
470.645
Application for loan
470.650
Residential small scale local energy projects
470.655
Project initiation fee
470.660
Investor-owned utilities
470.665
Consumer-owned utilities
470.670
Repayment requirement for customer served by electric utility and gas utility
470.675
Cost eligibility for ratemaking purposes
470.680
State Department of Energy to identify forms of acceptable security
470.685
Recording liens
470.690
Avoidance of foreclosure
470.695
Sale of real property
470.700
Use of loan offset grant moneys
470.710
Apprenticeship and job training
470.715
Costs of adopting rules
470.720
Loan program information to be provided by utilities
470.800
Clean Energy Deployment Fund
470.805
Renewable Energy Development Subaccount
470.810
Clean energy deployment program
470.815
School district projects
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