Or. Admin. Code § 695-046-0215 - Director's Funding Approval and Distribution of Funds

(1) The Director may approve the distribution of grant funds when:
(a) The funding conditions, if any, imposed by the Board are met to the full satisfaction of the Director;
(b) The legal and financial terms of the proposed Water Acquisition Project transaction are approved by the Director;
(c) A grant agreement is executed by the Director and the grant applicant;
(d) The Director has reconciled conditionally approved funding with actual Water Acquisition Project costs; and
(e) The grant applicant has satisfied the match requirements under 695-046-0190.
(2) For grants established under these rules, the Director is authorized to reimburse the grant applicant for allowable costs identified in OAR 695-046-0185 and to recognize matching contributions under OAR 695-046-0190 that were incurred no earlier than 18 months before the applicable grant application deadline.
(3) Notwithstanding OAR 659-046-0215(1)(a), funds may be distributed prior to Water Acquisition Project transaction closing for due diligence activities specified in OAR 659-046-0185(5) and included in the application budget.

Notes

Or. Admin. Code § 695-046-0215
OWEB 2-2013, f. & cert. ef. 6-19-13; OWEB 2-2020, amend filed 04/27/2020, effective 5/1/2020; OWEB 3-2025, minor correction filed 03/17/2025, effective 3/17/2025

Statutory/Other Authority: ORS 541.906

Statutes/Other Implemented: ORS 541.932(9)

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