Grant Agreements and Conditions
The Authority shall provide a Grant Agreement to each Grantee which specifies the legal requirements for grant management, reporting and record keeping as well as the Authority’s monitoring and grant closeout procedures.
The Authority will enter into Grant Agreements with new Grantees or may amend agreements with prior Grantees if all reporting obligations under the earlier agreements have been met.
The Authority and the Grantee must execute a Grant Agreement or amendment prior to any equipment being disbursed.
If the Grant Agreement or amendment has not been fully executed by all the parties within 60 days of the Grantee receiving the agreement, funding may be terminated. The money allocated to the grant will then be available for reallocation by the Authority consistent with the application priorities established by the Grant Selection Committee.
The Authority shall establish Grant Agreement conditions. Grantees shall comply with all grant agreement conditions. In addition, Grantees shall comply with all applicable federal, state and local laws and ordinances.
Grantees shall comply with all progress and financial reporting requirements outlined in the Grant Agreement.
All equipment under the grant remains the property of the State of Oregon until it is transferred, sold, or otherwise disposed of, consistent with the provisions of law or the grant agreement. All equipment must be maintained, marked, tracked, and made available with or without notice by the OEM.