(1) When making loan or credit guarantees under the program established under ORS 285B.200 to 285B.218, the Economic and Community Development Department shall establish fees and other terms for loan or credit guarantees that are calculated to reasonably assure that businesses with access to other forms of private capital will find it economical not to participate in the program.
(2) The department, with due regard for the possibility of losses and administrative costs, shall set fees and other terms at levels sufficient to reasonably assure that the program is self-financing. [Formerly 285.476; 2007 c.804 §59]
Note: See note under 285B.200.
Section: Previous 285B.179 285B.180 285B.183 285B.186 285B.200 285B.203 285B.206 285B.209 285B.212 285B.215 285B.218 285B.230 285B.233 285B.236 285B.239 NextLast modified: August 7, 2008