Or. Admin. Code § 813-090-0085

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

Section 813-090-0085 - Procedures for Allocation of Suballocation

Allocation Requests. CAP amounts allocated to a OHCS on behalf of which the State Treasurer may issue bonds may be suballocated by the OHCS, at the agency's discretion, through an assignment of the allocation to another issuer, provided that the issuer receiving the assignment shall:

(1) Be made for a specific project or for an amount to be further allocated by the requestor among a class of projects or activities that meet the allocation criteria;

(2) Include the name of the governmental bond issuer;

(3) Include the title of the obligation to be issued;

(4) Include the principal amount of the obligation;

(5) Include the amount of the allocation request;

(6) Include the date of any purchase commitment if such commitment has been made;

(7) Include the name and address of the original purchaser(s) of the obligation if such purchase has been made;

(8) Include the name, address and telephone number of the principal user(s) of the proceeds from the issue;

(9) Include the anticipated sale date of the issue;

(10) Include the anticipated closing date of the issue;

(11) Include the name, address and phone number of bond counsel;

(12) Use the allocation during the calendar year of which the allocation was made;

(13) Include the expected number of jobs created or saved as a result of the allocation;

(14) Include the expected number of housing units to be constructed or renovated as a result of the allocation, (describe how the affordability requirements of the Internal Revenue Code and your local requirements, if applicable, are to be met); and

(15) Any other materials to comply with any terms and conditions imposed in connection with the allocation by OHCS listed in the QAP.

Or. Admin. Code § 813-090-0085

OHCS 18-2024, temporary adopt filed 05/31/2024, effective 5/31/2024 through 11/26/2024; OHCS 42-2024, adopt filed 10/29/2024, effective 11/1/2024

Statutory/Other Authority: ORS 286A.035, ORS 286A.615, ORS 286A.620, ORS 286A.118 & ORS 286A.130

Statutes/Other Implemented: ORS 286A.035, ORS 286A.615, ORS 286A.620, ORS 286A.118 & ORS 286A.130