Oregon Code § 470.640·Enacted ·Last updated March 01, 2026
Statute Text
Amount
of loans; exceptions.
(1) Except as provided in subsection (2) of this section, the amount of an
energy efficiency and sustainable technology loan may not exceed $40,000 for
residential dwellings served by a single meter of the utility that is to
provide on-bill financing. The loan limit described in this subsection does not
apply to other buildings such as multifamily housing and mixed-use structures.
(2) The loan
amount limit described in subsection (1) of this section shall increase
annually on January 1 of each year, beginning January 1, 2011. The loan amount
limit shall increase from the most recently established loan amount limit by a
percentage equal to the percentage increase in the Consumer Price Index for All
Urban Consumers, West Region (All Items), as published by the Bureau of Labor
Statistics of the United States Department of Labor. [2009 c.753 §28; 2010 c.92
§6; 2019 c.57 §26]
Plain English Explanation
This Oregon statute addresses Amount
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 470.640
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Amount
. Read the full statute text above for details.
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