- (1) Project funds, when available and approved, may be awarded for all or for a portion of a Project's cost depending upon applicant's ability to access other funds to invest in the Project.
- (2) Any single Project may not receive more than 50% of the funds available to the Program during any single application period.
- (3) An applicant’s share of Project costs may be cash, or a combination of cash and in-kind services.
- (4) When the applicant intends to use Approved Project funding as match for obtaining a federal discretionary grant, the Department will reserve the approved amount in the program’s account pending outcome of the federal grant application process. If the federal grant is awarded, the reserved state match funds will be released in accordance with procedures in OAR 741-015-0070. If the federal grant application is unsuccessful, the Department will rescind approval of Project funding and the reserved match money will be returned to the State Rail Rehabilitation Fund general account.
Statutory/Other Authority
ORS 184.619 & 824.016
Statutes/Other Implemented
ORS 824.016
History
RD 7-2025, minor correction filed 06/13/2025, effective 06/13/2025
RD 2-2024, adopt filed 10/10/2024, effective 10/10/2024