OAR 813-040-0035: Distribution of Funds

Edition: Current OARD snapshotEffective: 2006-10-03Last verified: 2026-09-07

(1) Once the Department has received satisfactory security, which may include but is not limited to an assignment of a mortgage or trust deed, the Department may disburse funds. The Nonprofit Borrower, or other Borrower, shall submit any invoices or paid receipts for Predevelopment Costs as stated in the Proposal to the Department each month with a progress report. (2) For market study requests, the Department may waive the requirement for security at its sole discretion.

Official history and status

Statutory/Other Authority: ORS 90.800 - 90.840, 91.886, 183, 456.515 - 456.723 & 458.210 - 458.650

Statutes/Other Implemented: ORS 456.550, 456.559, 456.574 & 456.710

History: OHCS 18-2006, f. & cert. ef. 10-3-06 OHCS 6-2006(Temp), f. & cert. ef. 4-13-06 thru 10-9-06 HSG 8-1991, f. & cert. ef. 12-23-91 HSG 2-1991(Temp), f. & cert. ef. 8-7-91 HSG 12-1989, f. & cert. ef. 11-3-89 HSG 3-1989(Temp), f. & cert. ef. 6-8-89 HSG 8-1987, f. & ef. 3-10-87 1HD 15-1984, f. & ef. 9-4-84 1HD 5-1982, f. & ef. 6-28-82 1HD 10-1981(Temp), f. & ef. 8-27-81

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Official source: https://secure.sos.state.or.us/oard/