(1) The Oregon Business Development Commission may appoint the Director of the Oregon Business Development Department as the commission’s representative and agent in all matters pertaining to ORS § 285B.050 to 285B.098.

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(2) The director shall ensure that all provisions of ORS § 285B.050 to 285B.098 are complied with and that appropriately trained personnel are employed to properly administer the fiscal and other portions of ORS § 285B.050 to 285B.098.

(3) The director shall have the authority in the director’s sole discretion to approve loans for business development projects in the amount of $250,000 or less and to disburse funds for such projects. [Formerly 285.433; 2009 c.830 § 56; 2010 c.106 2,6; 2011 c.558 § 3]