OAR 340-175-0060
Grant Certificate
(1)
The Department shall issue a grant certificate to an applicant who has filed a complete application and meets the requirements of OAR 340, division 172 and these rules.(2)
Only one grant certificate shall be issued for each facility location. All tanks at a facility location shall be covered by the grant certificate.(3)
An applicant may receive a grant certificate for more than one facility location.(4)
The grant certificate obligates the Department to make payment to an applicant or in behalf of an applicant to a lender or a disbursing agent for UST project work, in accordance with these rules.(5)
The applicant may not assign any right, title, and interest in the grant certificate to any person other than a subsequent property owner, tank owner or permittee of the underground storage tank facility. A lender or a disbursing agent may not assign any right, title, and interest in the grant certificate to any other person without express approval by the Department.(6)
The grant certificate shall be valid for one year from the date of issue. A grant certificate may be renewed subject to availability of funds from the USTCCA fund.
Source:
Rule 340-175-0060 — Grant Certificate, https://secure.sos.state.or.us/oard/view.action?ruleNumber=340-175-0060.