OAR 123-039-0090: Loan Forgiveness
Edition: Current OARD snapshotEffective: 2024-10-08Last verified: 2026-09-07
(1) If the Department is satisfied with the documentation provided under OAR 123-039-0100(3), 100 percent of the amount of the loan shall be forgiven. (2) If the Department determines that water was used impermissibly within the terms of OAR 123-039-0100(3), the Department may require repayment of the loan in an amount proportional to the percentage of the water that was used impermissibly, with interest at a rate not to exceed five percent.
Official history and status
Statutory/Other Authority: ORS 285A.075
Statutes/Other Implemented: OR Laws 2023, Chapter 606
History: OBDD 22-2024, adopt filed 10/08/2024, effective 10/08/2024
This rule cites
- OAR 123-039-0100 — resolved
Cited by
No inbound citations found.
Official source: https://secure.sos.state.or.us/oard/