Oregon Administrative Rules
Chapter 330 - DEPARTMENT OF ENERGY
Division 225 - TRANSIT SERVICES ENERGY INCENTIVES PROGRAM
Section 330-225-0080 - Preliminary Certification
Current through Register Vol. 63, No. 9, September 1, 2024
(1) The department may issue a preliminary certificate if it determines that the transit services are technically feasible and capable of operating in accordance with the representations made by the applicant. The department may issue a tax credit that is less than the amount requested in the transit services application, pursuant to statute and applicable rules.
(2) The sum of any state or federal funding and the transit services incentive may not exceed project costs.
(3) The preliminary certificate will state the qualifying project cost, the potential amount of allowable tax credit and any conditions for claiming the credit.
(4) A preliminary certification remains valid for a period of three calendar years after the date the department issues the original preliminary certification or until the sunset of the program, whichever comes first.
Stat. Auth.: ORS 469.040 & 469B.347
Stats. Implemented: ORS 469B.320-469B.347, 315.336 & OL 2012 Ch. 45
