OAR 340-054-0011: Authorized Fund Uses

DEQ will use the CWSRF only to: (1) Make loans to eligible borrowers identified in the Intended Use Plan developed under OAR 340-054-0025; (2) Fund loan reserves specified in OAR 340-054-0036; (3) Purchase bonds or acquire other debt obligations incurred after March 7, 1985 as OAR 340-054-0071 provides; (4) Pay CWSRF program administration costs to the extent federal and state law allow; (5) Earn interest on fund accounts; (6) Establish reserves for bonds issued by the state for use by the fund; or (7) Pay principal and interest of bond obligations sold to benefit the fund.