Oregon Administrative Rules
Chapter 695 - OREGON WATERSHED ENHANCEMENT BOARD
Division 45 - LAND ACQUISITION GRANTS
Section 695-045-0195 - Director Funding Approval and Distribution of Funds

Universal Citation: OR Admin Rules 695-045-0195

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

(1) The Director may approve the distribution of grant funds when:

(a) The funding conditions, if any, imposed by the Board are satisfied to the full satisfaction of the Director;

(b) The legal and financial terms of the proposed real estate transaction are approved by the Director;

(c) The title restrictions required under ORS 541.960 are approved by the Director;

(d) A grant agreement is executed by the Director and the grant applicant;

(e) The Director has reconciled conditionally approved funding with actual Project costs; and

(f) The grant applicant has satisfied the match requirements under OAR 695-045-0175 and OAR 695-005-0060(2).

(2) For grants established under these rules the Director is authorized to reimburse the grant applicant for allowable costs identified in OAR 695-045-0170 and to recognize matching contributions under OAR 695-045-0175 that were incurred no earlier than 18 months before the applicable grant application deadline.

(3) Notwithstanding OAR 695-045-0195(1)(a), funds may be distributed prior to transaction closing for due diligence activities specified in OAR 695-045-0170(4) and included in the application budget.

Statutory/Other Authority: ORS 541.906

Statutes/Other Implemented: ORS 541.932(9)

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