Oregon Statutes 285B.758 – Oregon Entrepreneurial Development Loan Fund; uses
(1) There is established in the State Treasury, separate and distinct from the General Fund, the Oregon Entrepreneurial Development Loan Fund. All moneys in the fund are continuously appropriated to the Oregon Business Development Department for the following purposes:
Terms Used In Oregon Statutes 285B.758
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
(a) Administrative costs of the department incurred in processing loan applications, investigating the eligibility of loan applicants and servicing outstanding loans;
(b) Paying for loan origination and loan servicing by contractors under ORS § 285B.740 to 285B.758; and
(c) Payment of loans to applicants under ORS § 285B.740 to 285B.758.
(2) The Oregon Entrepreneurial Development Loan Fund shall consist of:
(a) Moneys appropriated to the fund by the Legislative Assembly;
(b) Interest earned on moneys in the fund; and
(c) Moneys received as repayment of principal and interest on loans made from the fund under ORS § 285B.740 to 285B.758. [1991 c.688 § 13; 2009 c.830 § 134]
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