Or. Admin. Code § 695-046-0215

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

Section 695-046-0215 - Director's Funding Approval and Distribution of Funds

(1) The Director may approve the distribution of grant funds when:

(a) The funding conditions, if any, imposed by the Board are met to the full satisfaction of the Director;

(b) The legal and financial terms of the proposed Water Acquisition Project transaction are approved by the Director;

(c) A grant agreement is executed by the Director and the grant applicant; (d) The Director has reconciled conditionally approved funding with actual Water Acquisition Project costs; and

(d) The grant applicant has satisfied the match requirements under 695-046-0190.

(2) For grants established under these rules, the Director is authorized to reimburse the grant applicant for allowable costs identified in OAR 695-046-0185 and to recognize matching contributions under OAR 695-046-0190 that were incurred no earlier than 18 months before the applicable grant application deadline.

(3) Notwithstanding OAR 659-046-0215(1)(a), funds may be distributed prior to Water Acquisition Project transaction closing for due diligence activities specified in OAR 659-046-0185(5) and included in the application budget.

Or. Admin. Code § 695-046-0215

OWEB 2-2013, f. & cert. ef. 6-19-13; OWEB 2-2020, amend filed 04/27/2020, effective 5/1/2020

Statutory/Other Authority: ORS 541.906

Statutes/Other Implemented: ORS 541.932(9)