Or. Admin. Code § 813-125-0035

Current through Register Vol. 63, No. 12, December 1, 2024

Section 813-125-0035 - Program Continuation

(1) The CARE program includes capital resources in the form of both grants and loans depending largely upon individual project need. Loans must include loan terms and interest rates though interest rates shall be established at rates below market levels. Funds returned through this process shall be reused by the program or until such time that the Department determines the program is no longer effective or funding is inadequate. At the time the program ends any unused funds must be returned from any third party provider, not including any agreed administrative expenses.

(2) The CARE program may be recapitalized from time to time by the Oregon Legislature. In these instances, additional funds are to be combined with any active and recycled funds as set forth in Program Criteria design (813-037-0030) and utilized in established pathways.

OHCS 8-2023, temporary adopt filed 04/11/2023, effective 4/13/2023 through 10/9/2023; OHCS 26-2023, temporary adopt filed 10/13/2023, effective 10/16/2023 through 4/12/2024

Statutory/Other Authority: ORS 456.502 & ORS 456.555

Statutes/Other Implemented: ORS 456.502 & ORS 456.555