Current through Register Vol. 63, No. 9, September 1, 2024
(1) After approval
of an application for a Program grant and Notice of Intent to Award, the
Department will begin preparation of a binding Grant Agreement between the
Department and the applicant or applicable Lead Organization for the
application.
(2) Agreements for
Program Grants:
(a) Shall have a required
completion date and a deadline to request and disburse Program funds.
(b) Shall incorporate the Grant award
amount.
(c) Shall provide that
Grant funds may be used to pay only Project costs for the purposes of capacity
building and technical assistance in the outdoor gear and apparel industry, as
further detailed in the Grant Agreement.
(d) Shall set forth the process that will be
used to disburse Grant funds to the Grant Recipient as an advanced payment of
30% of the Program award amount followed by two equal disbursements of 35% of
the award amount. The Department will make the second and third disbursements
only after the recipient provides adequate documentation (in a format
satisfactory to the Department) both that they've made appropriate progress on
Project metrics and expenditures of at least 80% of the first and second
Program disbursements respectively.
(e) Shall provide a Project description with
activities described, a schedule for key milestones and activities, and other
goals to be met by the Recipient.
(f) Shall incorporate a Project Budget,
detailing both Grant funds and Match budgets. Pre-award costs are not eligible
for Grant funding or Match contribution calculation unless expressly authorized
by Business Oregon in the Grant Agreement, in its sole discretion.
(g) Shall incorporate Project programmatic
and financial reporting requirements (see OAR 123-086-0070) and other
documentation that the Grant Agreement Recipient shall submit throughout the
term of the Grant Agreement.
(h)
Shall require compliance with applicable local, state and federal
laws.
(i) Shall provide for
remedies in the event of a breach or default of the Grant Agreement.
(j) Shall contain such other terms and
conditions as the Department requires.
(3) Grant Agreements may be subject to review
and approval by the Oregon Department of Justice for legal sufficiency as
required by ORS 291.047. Applicants will not
receive Grant funds until all required documents have been submitted and deemed
satisfactory by Business Oregon and a Grant Agreement is fully
executed.
Statutory/Other Authority: ORS
285A.075 & 2023 Or. Laws,
chapter 546, section 5(3)(c)
Statutes/Other Implemented: Or. Laws 2023, Ch.546, Sections
3-6
