Or. Admin. Code § 695-046-0185 - Use of Grant Funds
Water acquisition grant funds may be applied toward reasonable costs, as determined by OWEB, related to the implementation of Water Acquisition Projects, including:
(1)
The purchase price and the purchase option fees associated with acquisition of
an interest in water.
(2) The
monetary interest on bridge loans needed to secure the interest in water prior
to when funding will be available for distribution through the
program.
(3) The staff costs
incurred as part of acquiring the interest in water.
(4) The cost of outreach activities necessary
for the funded Water Acquisition Project.
(5) The cost of due diligence activities,
including appraisal or valuation of the interest to be acquired, title report,
assessment of the timing and extent of water use and regulation associated with
the interest in water, and other customary due diligence activities.
(6) The closing fees related to the
acquisition of an interest in water.
(7) The cost of monitoring the Water
Acquisition Project to certify that the water interest is being used and
managed consistent with Section 4b, Article XV of the Oregon
Constitution.
Notes
Statutory/Other Authority: ORS 541.906
Statutes/Other Implemented: ORS 541.932(9)
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.