If a water developer fails to comply with a contract entered into with the Water Resources Commission for construction and repayment as provided in ORS § 541.730, the commission, in addition to remedies provided in ORS § 541.740, may seek other appropriate legal remedies to secure the loan and may contract with any other water developer as provided in ORS § 541.730 for continuance of construction and for repayment of moneys from the Water Development Fund used to continue construction and interest on the moneys. [1977 c.246 § 8; 1981 c.166 § 4; 1985 c.673 § 119]

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Terms Used In Oregon Statutes 541.745

  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.