Oregon Code § 470.060·Enacted ·Last updated March 01, 2026
Statute Text
Application for financing; content; fee.
(1) The following may file with the State Department
of Energy an application to obtain moneys for a small scale local energy
project as provided in this chapter:
(a) An individual
who is an Oregon resident;
(b) An Oregon
business;
(c) A nonprofit
or public cooperative;
(d) A nonprofit
corporation;
(e) An eligible
federal agency;
(f) An eligible
state agency;
(g) A public
corporation created by this state;
(h) An
intergovernmental entity created pursuant to an intergovernmental agreement
under ORS 190.003 to 190.130;
(i) A special
district;
(j) A local
improvement district;
(k) A public
university listed in ORS 352.002; or
(L) A municipal
corporation.
(2) Applications
to obtain financing for a small scale local energy project shall be made in
writing on a form prescribed by the State Department of Energy. Applications
submitted to the State Department of Energy shall:
(a) Describe the
nature and purpose of the proposed small scale local energy project.
(b) State whether
any purposes other than energy production, but consistent with energy
production, will be served by the proposed small scale local energy project,
and the nature of the other purposes, if any.
(c) Include an
evaluation of the potential of the small scale local energy project to meet
local community energy needs.
(d) Include an
evaluation of the potential environmental impacts of the small scale local
energy project.
(e) State whether
any moneys other than those in the loan fund are proposed to be used for the
development of the proposed small scale local energy project, and whether any
other moneys are available or have been sought for the project.
(f) Describe the
source of moneys for repayment of the loan applied for.
(3) If the
application is for a loan other than an energy efficiency and sustainable
technology loan to an individual, a fee of one-tenth of one percent of the
amount of the loan applied for or $2,500, whichever is less, shall be submitted
with each application. In addition, the applicant may be required to pay for
costs incurred in connection with the application that exceed the application
fee and which the Director of the State Department of Energy determines are
incurred solely in connection with processing the application. The applicant
shall be advised of any additional costs the applicant must pay before the
costs are incurred. [1979 c.672 §2; 1981 c.50 §2; 1983 c.188 §2; 1985 c.593 §3;
1997 c.29 §2; 2005 c.201 §4; 2009 c.753 §55; 2015 c.767 §175]
Plain English Explanation
This Oregon statute addresses Application for financing; content; fee. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 470.060
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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