Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 95 - INDUSTRY COMPETITIVENESS FUND
Section 123-095-0040 - Administration of Awards
Universal Citation: OR Admin Rules 123-095-0040
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Upon approval of a grant for a Project, Department will enter into an agreement with the entity responsible for completing the Project. The agreement will, as applicable, include, but is not limited to, the following:
(a) A description of the Project;
(b) Procedures and conditions for disbursing
the grant moneys from the Industry Competitiveness Fund;
(c) A requirement that private sector funds
used to cover cash expenses for the Project must be at least equal to the
amount of the grant from the Industry Competitiveness Fund;
(d) A requirement that the grant from the
Industry Competitiveness Fund may not exceed 50% of the total cash cost of the
Project;
(e) A requirement that a
sign be conspicuously displayed at the site of the Project or a statement
included on written documents produced as a result of the Project which
indicates the Project is being funded with Oregon State Lottery Funds,
administered by Department;
(f)
Reporting requirement(s); and
(g)
Other provisions deemed necessary by Department.
(2) Upon approval of using Industry Competitiveness Fund moneys in accordance with 123-095-0020(1)(b), Department will procure the goods and services in accordance with OAR 123 division 6, Procedures for Contracts Entered with the Business Development Department.
Stat. Auth.: ORS 285A.075
Stats. Implemented: ORS 285B.286 & 285B.290
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