OAR 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 (Matching Contributions).

(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 (Use of Grant Funds) and to recognize matching contributions under OAR 695-046-0190 (Matching Contributions) 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.

Source: Rule 695-046-0215 — Director’s Funding Approval and Distribution of Funds, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=695-046-0215.

Last Updated

Jun. 8, 2021

Rule 695-046-0215’s source at or​.us