Or. Admin. R. 695-046-0215 – Director’s Funding Approval and Distribution of Funds

(1) The Director may approve the distribution of grant funds when:
1. (a) The funding conditions, if any, imposed by the Board are met to the full satisfaction of the Director;
2. (b) The legal and financial terms of the proposed Water Acquisition Project transaction are approved by the Director;
3. (c) A grant agreement is executed by the Director and the grant applicant;
4. (d) The Director has reconciled conditionally approved funding with actual Water Acquisition Project costs; and
5. (e) The grant applicant has satisfied the match requirements under 695-046-0190.
(2) For grants established under these rules, the Director is authorized to reimburse the grant applicant for allowable costs identified in OAR 695-046-0185 and to recognize matching contributions under OAR 695-046-0190 that were incurred no earlier than 18 months before the applicable grant application deadline.
(3) Notwithstanding OAR 659-046-0215(1)(a), funds may be distributed prior to Water Acquisition Project transaction closing for due diligence activities specified in OAR 659-046-0185(5) and included in the application budget.

ORS 541.906

ORS 541.932(9)