Remedies of commission when water developer fails to comply with contract
If a water developer fails to comply with a contract entered into with the Water Resources Commission for construction and repayment as provided in ORS 541.730 (Loan contract), the commission, in addition to remedies provided in ORS 541.740 (Liens and other loan security), may seek other appropriate legal remedies to secure the loan and may contract with any other water developer as provided in ORS 541.730 (Loan contract) for continuance of construction and for repayment of moneys from the Water Development Fund used to continue construction and interest on the moneys. [1977 c.246 §8; 1981 c.166 §4; 1985 c.673 §119]
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