The department may issue a preliminary certificate if it determines that the
transit services are technically feasible and capable of operating in
accordance with the representations made by the applicant. The department may
issue a tax credit that is less than the amount requested in the transit
services application, pursuant to statute and applicable rules.
(2) The sum of any state or federal funding
and the transit services incentive may not exceed project costs.
(3) The preliminary certificate will state
the qualifying project cost, the potential amount of allowable tax credit and
any conditions for claiming the credit.
(4) A preliminary certification remains valid
for a period of three calendar years after the date the department issues the
original preliminary certification or until the sunset of the program,
whichever comes first.
Or. Admin. R.
DOE 5-2012, f. & cert.
Stat. Auth.: ORS
Stats. Implemented: ORS
315.336 & OL 2012 Ch. 45