Department of Veterans' Affairs
Chapter 274
Division 13
VETERANS' SMALL BUSINESS REPAIR LOAN PROGRAM
274-013-0000
Purpose and Objective
(1) OAR chapter 274, division 013 is promulgated to carry out the provisions of 2008 Oregon Laws chapter 18 as enacted by the Oregon Legislative Assembly through House Bill 3626 §§19 and 20, effective February 11, 2008 (the “Act”). These rules, related documents and relevant determinations by the Department constitute the Department's Veterans' Small Business Repair Loan Program (the “Program”). The Program is intended, inter alia, to facilitate the delivery of appropriate financial assistance to eligible veterans and to the unremarried surviving spouses of veterans who are deceased as a result of their mobilization or deployment as provided herein.
(2) Funds appropriated for the Program by the Oregon Legislative Assembly through 2008 Oregon Laws chapter 16 (Senate Bill 5556 §48) or otherwise are, consistent with House Bill 3626 §20, deposited in the Veterans’ Small Business Repair Loan Fund (the “Fund”) established in the State Treasury, separate and distinct from the General Fund. The Department will use Fund moneys consistent with this division for the purpose of providing interest-free loans to qualified applicants whose small businesses incur setbacks during the relevant veteran's mobilization or deployment.
Statutory/Other Authority: 2008 OL Ch. 18 & ORS 406.005
Statutes/Other Implemented: 2008 OL Ch. 18
History:
DVA 6-2008, f. 9-30-08, cert. ef. 10-1-08