Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 27 - MARINE NAVIGATION IMPROVEMENT FUND
Section 123-027-0070 - Federally Authorized Project Award and Funding
Universal Citation: OR Admin Rules 123-027-0070
Current through Register Vol. 63, No. 3, March 1, 2024
(1) The Authority and the Port shall execute a contract prior to disbursal of moneys from the Fund. The contract shall be in a form and content as provided by the Authority.
(2) Payments from the Fund shall be disbursed in accordance with the executed contract.
(3) The Port must provide the Authority with a written report, records, and a detailed accounting of costs in the format required by the Authority :
(a) Within 30 days
following the close of each federal fiscal year; and
(b) Within 90 days following final completion
of a project.
(4) Any amount disbursed from the Fund and not used for a project must be returned to the Authority.
Stat. Auth.: ORS 285A.075
Stats. Implemented: ORS 777.262 - 777.267
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