690-095-0010 Definitions The words and phrases used in these rules have the meaning given in ORS 541.600 and ORS 541.700, unless they are otherwise specifically defined in this division. (1) “Adequate Security” means the pledge of real or personal property or a credit enhancement or other collateral of value authorized by the director to secure a loan against default. (2) “Applicant” means a qualified water developer applying to borrow moneys through the loan program for a water development project in the Columbia River Basin. (3) “Application” includes all documents and forms required by the department under these rules and pursuant to ORS 541.600 to 541.855. (4) “Bonds” mean the State of Oregon general obligation bonds issued under Article XI-I(1) of the Oregon Constitution to fund the loan program. (5) “Columbia River Basin” means the area of land comprising the drainage areas of all river basins within Oregon that drain directly to the Columbia River or Snake River and includes the main stem of the Columbia River. (6) “Commission” means the Oregon Water Resources Commission. (7) "Community" means an incorporated or unincorporated town or locality with more than three service connections. (8) “Department” means the Oregon Water Resources Department. (9) “Director” means the director of the Oregon Water Resources Department or the director’s designee. (10) “Federal Water Development Project” means any water development project that receives funding from the federal government, or any agency or instrumentality of the United States. (11) “Loan” means the moneys loaned by the department under the loan program to finance a water development project. (12) "Loan Advisory Board" means a board appointed by the director to review applications made under Section 20 of chapter 907, Oregon Laws 2009 and make recommendations thereon to the director. (13) “Loan Document” means the loan agreement, any supplemental loan agreement, promissory note, mortgage, security agreement and any related documents, including but not limited to any pledge of or lien against collateral, entered into by the department and an applicant related to a loan from the department to a borrower under the loan program, and any documentation required by the department to change a loan’s terms and conditions. (14) “Loan Program” means the Columbia River Basin Water Development Loan Program. (15) “Provider of water for municipal purposes” means a public body as defined in ORS 174.109, a community or a private entity whose primary purpose is to operate a water distribution system that delivers potable water for community needs, either to individual customers or through another water distribution system. (16) “Municipality” means a city as defined in ORS 174.100(2); includes any incorporated village or town. (17) “Qualified Water Developer” means a “water developer” as defined in ORS 541.700 that is not a municipality, a community or a provider of water for municipal purposes. (18) “Security Value” means the value assigned by the department to the project or other security. (19) “Water Development Fund” means the fund created through the adoption of Article XI-I of the Constitution of Oregon by general election in November, 1977, as amended. Statutory/Other Authority: ORS 536.027 & 541.646 Statutes/Other Implemented: ORS 541-600 - 541.646 History: WRD 2-2010, f. & cert. ef. 12-14-10