Oregon Statutes 470.715 – Costs of adopting rules
The cost of adopting rules under ORS § 470.140 to carry out ORS § 470.500 to 470.710:
Terms Used In Oregon Statutes 470.715
- Contract: A legal written agreement that becomes binding when signed.
- Director: means the Director of the State Department of Energy appointed under ORS § 469. See Oregon Statutes 470.050
- Loan: includes the purchase or other acquisition of evidence of indebtedness and money used for the purchase or other acquisition of evidence of indebtedness. See Oregon Statutes 470.050
- Small scale local energy project: means any of the following:
(a) A system, mechanism or series of mechanisms located primarily in Oregon that directly or indirectly uses or enables the use of, by the applicant or another person, renewable resources including, but not limited to, solar, wind, geothermal, biomass, waste heat or water resources to produce energy, including heat, electricity and substitute fuels, to meet a local community or regional energy need in this state. See Oregon Statutes 470.050
(1) May be paid from the Jobs, Energy and Schools Fund or Energy Project Bond Loan Fund; or
(2) May be paid from the Small Scale Local Energy Project Administration and Bond Sinking Fund created under ORS § 470.300 if the Director of the State Department of Energy and the State Treasurer find that:
(a) A cash flow projection for the sinking fund shows that, for the term of the sinking fund bonds outstanding at the time the Director of the State Department of Energy transfers the moneys, remaining moneys in the sinking fund, together with expected loan contract payments and fund earnings, will improve the financial basis of the program and will continue to be adequate to pay bond principal, interest, redemption premiums, if any, and administration costs; and
(b) The transfer will not create the need for issuance of any bonds. [2009 c.753 § 47; 2011 c.467 § 18]
470.715 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 470 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.