Or. Admin. Code § 695-048-0080 - Matching Contributions

(1) Notwithstanding anything to the contrary in OAR Chapter 695, Division 5, a grant recipient shall provide at least five percent of the total Board Grant request as a match. Match contributions must be from non-OWEB sources.

(2) The following funds and activities qualify as match:

(a) In-kind contributions to activities listed under OAR 695-048-0100;

(b) Funding commitments made by others as a result of grant applicant efforts;

(c) The forgiven portion of a loan that was used to acquire the Protective Instrument;

(d) Interest paid on a loan that was used to acquire the Protective Instrument; and

(e) A donated portion of a sale.

(3) Match contributions qualify if they were incurred no earlier than 18 months before the applicable Drinking Water Source Protection Grant application deadline.

(4) The Director retains the discretion to determine whether specific proposed match contributions not specifically identified in OAR 695-048-0080(2)(a)-(e) can be recognized as qualifying match.

Notes

Or. Admin. Code § 695-048-0080

OWEB 1-2024, adopt filed 07/26/2024, effective 8/1/2024

Statutory/Other Authority: ORS 448.370(7)

Statutes/Other Implemented: ORS 448.370 - 448.380