Or. Admin. Code § 698-015-0130 - Director Funding Approval and Distribution of Funds

(1) The Director may approve the distribution of grant funds. Funds may be distributed throughout the time between approval by the Board and the Working Land Conservation Covenant or Working Land Conservation Easement closing when the following conditions are met:

(a) The funding conditions, if any, imposed by the Board are satisfied to the full satisfaction of the Director;

(b) The legal and financial terms of the proposed real estate transaction are approved by the Director;

(c) The Working Land Conservation Covenant or Working Land Conservation Easement deed is approved by the Director;

(d) The Director has reconciled conditionally approved funding with actual project costs;

(e) The grantee has satisfied the match requirements under OAR 698-015-0060;

(f) The Board is notified in writing if the Director intends to hold or recover the grant funds, pending Board consideration under OAR 698-015-0140(1).

(2) For grants established under these rules, the Director is authorized to reimburse the grantee for allowable costs identified in OAR 698-015-0070 and to recognize match contributions under OAR 698-015-0060 that were incurred no earlier than 18 months before the applicable grant application deadline.

(3) Notwithstanding OAR 698-015-0130(1)(a)-(f), funds may be distributed prior the full satisfaction of all funding conditions and the transaction closing for due diligence activities specified in OAR 698-015-0070(4) and included in the application budget.

Notes

Or. Admin. Code § 698-015-0130

OAHP 1-2019, adopt filed 01/28/2019, effective 2/1/2019; OAHP 1-2025, amend filed 01/31/2025, effective 1/31/2025

Statutory/Other Authority: ORS 541.984, ORS 541.988 & ORS 541.989

Statutes/Other Implemented: ORS 541.977-541.989