The Authority shall disburse monies on a reimbursement or cost incurred basis from the fund only after entering a contract with the Applicant. The contract will be in form and substance as provided by the Authority, and must include:
- (1) A provision that disbursements from the Fund will be according to the terms of the contract;
- (2) A provision that the liability of the Authority under the contract is contingent upon the availability of moneys in the Fund for use in the Project;
- (3) A provision that no Program funds will be disbursed until the Applicant has provided the Authority with sufficient documentation to demonstrate that the Applicant has all necessary funds, including matching funds, to complete the Project; and
- (4) Other provisions that the Authority considers necessary or appropriate to implement the assistance.
Statutory/Other Authority
ORS 285B.413
Statutes/Other Implemented
ORS 285B.420 & ORS 285B.421
History
OBDD 12-2026, adopt filed 06/18/2026, effective 06/18/2026