Or. Admin. Code § 123-049-0027 - Contract Requirements and Disbursement of Funds
(1) The Authority shall disburse monies from
the Fund only after entering into a binding contract with the
Recipient.
(2) The contract shall
be in a form provided by the Authority.
(3) Other funds that may be needed to
complete the project must be available or the Recipient must have a binding
commitment for such funds at the time the contract is executed. If a portion of
the other funds needed to complete the project is committed but not yet
available at the time an award is made or the contract executed, the contract
shall require that no disbursement of funds for construction activities may
occur until the project is fully funded.
(4) Contracts for privately owned water
systems receiving subsidy award shall be conditioned to adhere to OAR
123-049-0050.
Notes
Statutory/Other Authority: ORS 285A.075 & ORS 285.213(4)
Statutes/Other Implemented: ORS285A.213
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