OAR 170-150-0015: Determination of Eligibility

(1) The State Treasurer shall review a timely submitted application for loan guarantee, together with any additional materials or information provided by the Applicant at the State Treasurer’s request, and will approve the application if the Applicant satisfies the requirements for the issuance of a Rural Hospital Stabilization Loan Guarantee as set forth in Section 2 of the Act. (2) The State Treasurer may deny an application for loan guarantee if the Applicant does not demonstrate, to the satisfaction of the State Treasurer, that the Applicant both: (a) Meets the definition of a Rural Hospital; and (b) Satisfies the requirements for the issuance of a Rural Hospital Stabilization Loan Guarantee as set forth in Section 2 of the Act.