Or. Admin. Code § 732-042-0005 - STIF Formula Fund Cycle
(1) The STIF
Formula Fund cycle will be structured around a Biennium, with key dates and
exceptions identified in these rules.
(2) After the first disbursement of STIF
moneys following the enactment of Oregon Laws 2017, chapter 750, the Agency
shall make disbursements quarterly beginning at the beginning of the first
quarter of each Biennium, subject to the provisions of OAR
732-042-0010.
(3) No later than December 31 of each year,
the Agency shall provide written notice to each Qualified Entity of the
estimated allocation of STIF Formula Fund moneys for which it is eligible in
the coming calendar year.
(4) As
determined by the Agency, but at least four months prior to the beginning of a
Biennium, Qualified Entities shall submit their STIF Plans to the
Agency.
(5) Qualified Entities may
prepare their STIF Plans for a period of one or two Biennia. The Commission may
approve a STIF Plan for one or two Biennia.
(6) The Commission shall decide to accept or
reject STIF Plans no later than July 1 of the coming Biennium.
(7) The Agency shall email notice of the
Commission's decision to affected Qualified Entities within seven days of the
issuance of the Commission's decision. A Qualified Entity may appeal a
rejection of its STIF Plan as described in OAR
732-040-0050.
(8) During the first STIF Formula Fund Cycle
after the enactment of Oregon Laws 2017, chapter 750, a Qualified Entity may
submit its STIF Plan either three months or nine months after the effective
date of OAR Chapter 732, Division 042. A Qualified Entity that submits a STIF
Plan under this section shall submit a STIF Plan for a period that ends at the
end of the 2019-2021 Biennium. The Commission shall decide to accept or reject
a STIF Plan submitted under this section no later than four months after it is
received by the Agency, following the approval procedures described in OAR
732-042-0025.
Notes
Statutory/Other Authority: ORS 184.619, 184.658 & 184.761
Statutes/Other Implemented: ORS 184.751-184.766
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