Or. Admin. Code § 741-015-0060

Current through Register Vol. 63, No. 12, December 1, 2024

Section 741-015-0060 - Program Expenditures

(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.

Or. Admin. Code § 741-015-0060

RD 2-2024, adopt filed 10/10/2024, effective 10/10/2024

Statutory/Other Authority: ORS 814.619 & 824.016

Statutes/Other Implemented: ORS 824.016