Oregon Administrative Rules
Chapter 330 - DEPARTMENT OF ENERGY
Division 125 - RESIDENTIAL STANDARDS DEMONSTRATION PROGRAM SELECTION RULES
Section 330-125-0040 - Incentive Contract
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Parties selected to receive an incentive must sign a contract with the Department concerning compliance with RSD Program design, siting, construction, reporting, and monitoring requirements and return the contract to the Department within 30 days of the contract being offered. Failure to sign the contract will void the Department's offer of an incentive. Where an incentive has been reserved for a home buyer, that home buyer will have 30 days from notification by the Department to identify a home builder. That home builder then must sign a contract within 30 days of the Department's offer of a contract.
(2) The home builder contract will provide the method of payment(s) and inspection requirements that must be met before payment(s) is made.
(3) The home builder contract may be made contingent upon the home builder or a potential home buyer obtaining a loan commitment to pay for building the model conservation standards residence.
(4) The home builder signing the contract shall:
(5) Any home buyer who is identified at the time the home builder signs a contract with the Department will be required to enter into a contract with the Department. The home buyer must:
Stat. Auth.: ORS 469
Stats. Implemented: ORS 469