(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 NextLast modified: August 7, 2008