OAR 698-015-0130
Director Funding Approval and Distribution of Funds

(1) The Director may approve the distribution of grant funds. Funds may be distributed throughout the time between approval by the Board and the covenant or easement closing as the following conditions are met:
(a) A grant agreement is executed by the Director and the grantee that includes a signed statement of understanding and agreement to the roles and responsibilities under the working land conservation covenant or easement by the participating owner of working land;
(b) The funding conditions, if any, imposed by the Board are satisfied to the full satisfaction of the Director;
(c) The legal and financial terms of the proposed real estate transaction are approved by the Director;
(d) The required title restrictions are approved by the Director;
(e) The Director has reconciled conditionally approved funding with actual project costs;
(f) The grantee has satisfied the match requirements under OAR 698-015-0060;
(g) The Board is notified in writing of the Director’s intent to hold or recover the grant funds pending Board consideration under OAR 698-015-0140(1).
(2) For grants established under these rules, the Director is authorized to reimburse the grantee for allowable costs identified in OAR 698-015-0070 (Use of Grant Funds) and to recognize match contributions under OAR 698-015-0060 (Matching Contributions) that were incurred no earlier than 18 months before the applicable grant application deadline.

Source: Rule 698-015-0130 — Director Funding Approval and Distribution of Funds, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=698-015-0130.

Last Updated

Jun. 8, 2021

Rule 698-015-0130’s source at or​.us