Oregon Administrative Rules
Chapter 741 - DEPARTMENT OF TRANSPORTATION, RAIL DIVISION
Division 25 - STANDARDS TO DETERMINE PROJECT ELIGIBILITY AND APPLICATION PROCEDURES FOR GRANTS OR LOANS FOR SHORT LINE RAILROAD RAIL INFRASTRUCTURE
Section 741-025-0060 - Grant Awards and Match
Universal Citation: OR Admin Rules 741-025-0060
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Grants shall cover 100% of any Credit Risk Premiums set forth in the granting of a federal RRIF loan.
(2) No one Project shall receive more than 30% of the funds available to the Program outside of projects for RRIF financing.
(3) Any railroad and/or shipper contributions can be cash, or a combination of cash and in-kind services.
(4) Grants and loans will be awarded only when there are sufficient funds available to cover the costs of the loans and grants.
Stat. Auth.: ORS 184.616, 184.619, 367.066, 367.067 & 823.011
Stats. Implemented: ORS 367.066(2) & 367.067
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