Or. Admin. R. 695-046-0185

Current through Register Vol. 63, No. 8, August 1, 2024

Section 695-046-0185 - Use of Grant Funds

Water acquisition grant funds may be applied toward reasonable costs, as determined by OWEB, related to the implementation of Water Acquisition Projects, including:

(1) The purchase price and the purchase option fees associated with acquisition of an interest in water.

(2) The monetary interest on bridge loans needed to secure the interest in water prior to when funding will be available for distribution through the program.

(3) The staff costs incurred as part of acquiring the interest in water.

(4) The cost of outreach activities necessary for the funded Water Acquisition Project.

(5) The cost of due diligence activities, including appraisal or valuation of the interest to be acquired, title report, assessment of the timing and extent of water use and regulation associated with the interest in water, and other customary due diligence activities.

(6) The closing fees related to the acquisition of an interest in water.

(7) The cost of monitoring the Water Acquisition Project to certify that the water interest is being used and managed consistent with Section 4b, Article XV of the Oregon Constitution.

Or. Admin. R. 695-046-0185

OWEB 2-2013, f. & cert. ef. 6-19-13; OWEB 2-2020, amend filed 04/27/2020, effective 5/1/2020

Statutory/Other Authority: ORS 541.906

Statutes/Other Implemented: ORS 541.932(9)