Levee Project Eligibility, Criteria and Funding
(1)The Authority may provide financial assistance in the form of loans and grants for a levee project to:
(a)A municipality, including drainage districts organized under ORS Chapter 547 (Drainage Districts);
(b)Corporations or companies for drainage or flood control organized under ORS Chapter 554 (Corporations for Irrigation, Drainage, Water Supply or Flood Control).
(2)A levee project as defined in 123-042-0020 (Definitions)(14) must meet all of the following criteria to be eligible for assistance from the fund:
(a)The project is for the purpose of completing certification documents or obtaining accreditation by the Federal Emergency Management Agency (FEMA) as defined in Chapter 44 of the Code of Federal Regulations (44 CFR), Section 65.2 or Section 65.10;
(b)The project, as determined by the Authority, will substantially contribute to the improvement, expansion or repair of the state’s or municipality’s infrastructure system; and,
(c)The project is essential for the continued use or development of farm, industrial, or commercial land in Oregon.
(3)The following applies to loans for levee projects:
(a)The maximum loan amount cannot exceed $2,500,000;
(b)A principal only, zero percent (0%) interest rate loan of up to $1,000,000 may be awarded for each levee certification project area. The zero percent loan cannot exceed 50 percent (50%) of the total loan amount from the Special Public Works Fund;
(c)The Authority cannot commit more than $4,000,000 for zero percent (0%) interest rate loans for levee projects in a biennium.
(4)A levee project is eligible for one grant of up to a maximum of $50,000. Maximum grant amount will include any amount previously awarded as a planning project grant pursuant to OAR 123-042-0045 (Planning Project Eligibility, Criteria and Funding)(3).
(5)For awards made under this OAR 123-042-0061 (Levee Project Eligibility, Criteria and Funding), allowable project costs are those set forth in OAR 123-042-0065 (Allowable Project Costs).
Rule 123-042-0061 — Levee Project Eligibility, Criteria and Funding,