Use of refinancing and other financial assistance for repayment
Except as provided in ORS 285B.086 (Authorization to lend funds for joint governmental projects or match money), if any business development project is refinanced or financial assistance is obtained from other sources after the execution of the loan from the state, those may first be used to repay the state, unless provided otherwise by the committee, if the refinancing or financial assistance applies only to the business development project authorized and does not include any subsequent addition, expansion, improvement or further development. [Formerly 285.435; 2007 c.804 §45]
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