Or. Admin. Code § 695-045-0170

Current through Register Vol. 64, No. 1, January 1, 2025

Section 695-045-0170 - Use of Grant Funds

Land Acquisition Grants may be applied towards costs related to the purchase of a Property Interest, including:

(1) The purchase price and the purchase option fees associated with the Property Interest. The purchase price shall be based on an appraisal and review appraisal completed in accordance with applicable appraisal standards, including the Uniform Standards of Professional Appraisal Practice, and if required, the Uniform Appraisal Standards for Federal Land Acquisitions;

(2) The interest on bridge loans needed to secure closure on the Property Interest prior to when funding will be available for distribution through the program;

(3) The staff costs incurred as part of the acquisition process related to the Property Interest;

(4) The cost of due diligence activities, including appraisal, environmental site assessment, survey, title review, the applicant's legal fees incurred, and other customary due diligence activities;

(5) The cost of baseline inventory preparation;

(6) The cost of preparation of the initial Management Plan, including consideration of any restoration needs;

(7) The closing fees, including, but not limited to, recording and title insurance costs; or

(8) The cost of securing and maintaining the conservation values associated with the Property Interest in accordance with the application or a Management Plan approved by the Director.

Or. Admin. Code § 695-045-0170

OWEB 1-2013, f. & cert. ef. 1-31-13; OWEB 1-2019, amend filed 04/29/2019, effective 5/1/2019

Statutory/Other Authority: ORS 541.906

Statutes/Other Implemented: ORS 541.932(9)