Or. Admin. R. 172-005-0030
Immediately following approval of an application by the Authority and the Treasurer, the Executive Director, acting for and on behalf of the Authority, and the participating institution filing such application shall execute and deliver a preliminary agreement described in OAR 172-005-0020(3) that shall contain appropriate provisions, terms and conditions concerning the requested financing, including the agreement of the participating institution to pay costs related to the proposed financing, whether or not the financing is closed, and the undertaking of the participating institution to indemnify and hold harmless the State of Oregon, the Authority, and their respective officials, members, officers, staff and employees from and against any and all claims, losses or damages, howsoever arising, incurred in connection with the proposed project or the financing thereof, regardless of whether or not the financing proceeds.
Or. Admin. R. 172-005-0030
Stat. Auth.: ORS 289.240(2) & 289.125(1)
Stats. Implemented: ORS 289.240(2) & 289.125(1)