(a) Administrative costs of the department incurred in processing loan applications, investigating the eligibility of loan applicants and servicing outstanding loans;
(b) Paying for loan origination and loan servicing by contractors under ORS 285B.740 to 285B.758; and
(c) Payment of loans to applicants under ORS 285B.740 to 285B.758.
(2) The Oregon Entrepreneurial Development Loan Fund shall consist of:
(a) Moneys appropriated to the fund by the Legislative Assembly;
(b) Interest earned on moneys in the fund; and
(c) Moneys received as repayment of principal and interest on loans made from the fund under ORS 285B.740 to 285B.758. [1991 c.688 §13; 2009 c.830 §134]