Or. Admin. Code § 813-043-0060

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

Section 813-043-0060 - Charges and Compliance Monitoring

(1) OHCS may assess and the sponsor shall pay such charges as OHCS determines appropriate for reviewing an application as well as for issuance of a letter of guarantee approval.

(2) OHCS may assess and the sponsor, owner, operator or other applicable party shall pay such charges as OHCS determines appropriate for its monitoring of the project for compliance with program requirements or enforcement of appropriate program compliance, including but not limited to meeting appropriate construction and maintenance standards, and satisfying and documenting applicable affordability compliance.

(3) OHCS may perform such reviews or field inspections as it deems necessary to ensure Loan Guarantee Program compliance. OHCS may require that a sponsor, owner, operator or other applicable party take such remedial actions as described in this rule.

(4) Financial records, supporting documents, and all other pertinent records shall be retained by a Loan Guarantee Program Recipient for six (6) years after the project is complete, the guarantee has expired, or after any litigation or audit claim is resolved, whichever is later. OHCS, and any other state entity having audit authority, shall have access to all books, accounts, documents, records and other property belonging to or in use by a Loan Guarantee Program Recipient and relating to the use of the Loan Guarantee Program funds.

Or. Admin. Code § 813-043-0060

HSG 4-1991(Temp), f. & cert. ef. 10-10-91; HSG 4-1992, f. & cert. ef. 4-28-92; HSG 6-1994, f. & cert. ef. 9-9-94; OHCS 33-2024, amend filed 09/11/2024, effective 9/16/2024

Statutory/Other Authority: ORS 458.600 - 458.650

Statutes/Other Implemented: ORS 458.600 - 458.650 & Ch. 740 & OL 1991