Or. Admin. Code § 123-041-0080 - Grant Requirements and Disbursement of Funds

(1) Prior to the disbursement of any grant funds, the applicant must enter into a grant agreement with the Authority.

(2) The grant agreement shall be in a form provided by the Authority, and must include:

(a) A provision that disbursement will be according to the terms of the grant agreement;

(b) A provision that the liability of the Authority under the grant agreement is contingent upon the availability of moneys in the Fund for use in the project; and

(c) Other provision that the Authority considers necessary or appropriate to implement the Program.

(3) If the grant amount is for less than the total amount needed to complete the applicant's project, the following additional requirements apply:

(a) The applicant must demonstrate to the Authority that it has binding commitments for additional funds in an amount sufficient to complete the project prior to executing the grant agreement; and

(b) The grant agreement shall require that prior to disbursement of any monies from the Fund, the grant recipient must demonstrate that the project is fully funded.

Notes

Or. Admin. Code § 123-041-0080

OBDD 21-2024, adopt filed 10/08/2024, effective 10/8/2024

Statutory/Other Authority: ORS 285A.075

Statutes/Other Implemented: OR Laws 2023, Chapter 606