Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 88 - University Innovation Research Fund
Section 123-088-0060 - Grant Agreements and Reporting Requirements

Universal Citation: OR Admin Rules 123-088-0060

Current through Register Vol. 63, No. 9, September 1, 2024

(1) For all proposals receiving match commitment from the Fund, SROs shall inform the Department within two weeks of notification by the federal agency whether a proposal has been accepted or rejected. A rejected proposal that will be resubmitted to an agency must make a new request for matching funds and go through the full process again.

(2) For the proposals that are funded by the federal government, the Department will negotiate and enter into grant agreements with the university for the financial match.

(3) The Department shall disburse monies from the Fund only after entering into a binding agreement with the university.

(4) The agreement will be in form and substance as provided by the Department and contain provisions that the Department considers necessary or appropriate to implement the assistance, and must include

(a) A provision that the obligation of the Department under the agreement is contingent upon the availability of moneys in the Fund;

(b) A provision for reporting to the Department that includes, at a minimum, data on the benefits of the project, performance measures or return on investment from the project, and other information necessary to evaluate the success and impacts of the project; and

(c) A provision that the organization shall maintain accounts and records of all project-related activities and shall allow Department access to such records.

Statutory/Other Authority: Sec 21, Ch. 643 OL 2019 & HB 2377 (2019)

Statutes/Other Implemented: Sec 21, Ch. 643 OL 2019 & HB 2377 (2019)

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