Oregon § 285A.690 Powers to enforce loan agreement

Oregon Statutes

§ 285A.690 — Powers to enforce loan agreement

Oregon § 285A.690

Vol.7

Title 26AEconomic Development

Ch. 285AEconomic Development I

This text of Oregon § 285A.690 (Powers to enforce loan agreement) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 285A.690 (2026).

Text

(1)The Oregon Business Development Department may institute proceedings to foreclose any lien for delinquent loan payments.

(2)If a port district fails to comply with a contract entered into pursuant to ORS 285A.681, the department may seek appropriate legal remedies to secure the loan, and may contract with any port project developer for continuation of the project and for repayment of moneys from the Oregon Port Revolving Fund used therefor and interest thereon.

(3)The department may also provide by contract or otherwise for a project until the project is assumed by the new port project developer.

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(1) The Oregon Business Development Department may institute proceedings to foreclose any lien for delinquent loan payments.
(2) If a port district fails to comply with a contract entered into pursuant to ORS 285A.681, the department may seek appropriate legal remedies to secure the loan, and may contract with any port project developer for continuation of the project and for repayment of moneys from the Oregon Port Revolving Fund used therefor and interest thereon.
(3) The department may also provide by contract or otherwise for a project until the project is assumed by the new port project developer.