Oregon Revised Statutes Chapter 470 § 470.510 — State
Oregon Revised Statutes Chapter 470 ·
Oregon Code § 470.510·Enacted ·Last updated March 01, 2026
Statute Text
State
Department of Energy may enter contracts for loan issuance; financing of loans;
consent of utility.
(1) Except as provided in subsection (3) of this section, the State Department
of Energy may enter into contracts for the issuance of energy efficiency and
sustainable technology loans. Except as provided in ORS 470.700, the department
shall finance the loans using moneys from the Small Scale Local Energy Project
Loan Fund, the Energy Project Supplemental Fund or the Energy Project Bond Loan
Fund, or from a combination of those funds.
(2) The
sustainable energy project manager may enter into agreements with trade
associations and other public and private entities for the promotion or
marketing of the energy efficiency and sustainable technology loan program.
(3) The
department must obtain the consent of the utility before operating an energy
efficiency and sustainable technology loan program within the service territory
of:
(a) An
investor-owned electric utility that serves fewer than 20,000 customers; or
(b) An
investor-owned gas utility that is actively administering an energy
conservation program established:
(A) On or before
January 1, 2009; and
(B) Without
assistance from a nongovernmental entity that receives public purpose charge
moneys under ORS 757.612. [2009 c.753 §3]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 470.510
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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. Read the full statute text above for details.
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