Oregon Statutes - Chapter 285A - Economic Development I - Section 285A.690 - Powers to enforce loan agreement.

(1) The Oregon Economic and Community Development Commission may institute proceedings to foreclose any lien for delinquent loan payments.

(2) If a port district fails to comply with a contract entered into pursuant to ORS 285A.681, the commission may seek appropriate legal remedies to secure the loan, and may contract with any port project developer for continuation of the project and for repayment of moneys from the Oregon Port Revolving Fund used therefor and interest thereon.

(3) The commission may also provide by contract or otherwise for a project until the project is assumed by the new port project developer. [Formerly 285.893; 2001 c.883 §15]

Section:  Previous  285A.669  285A.672  285A.675  285A.678  285A.681  285A.684  285A.687  285A.690  285A.693  285A.696  285A.699  285A.702  285A.705  285A.708  285A.709  Next

Last modified: August 7, 2008