OAR 123-042-0062: Application Process and Requirements

(1) In order to receive an Award, a Municipality must consult with Business Oregon and complete the preapplication process as prescribed by Business Oregon. (2) Once the preapplication process is complete, and Business Oregon has confirmed the Project’s eligibility, Business Oregon will provide the Municipality with all necessary information to complete an application, which will include information that allows the Authority to; (a) Analyze the Municipality’s capacity to repay and secure the loan; and (b) Analyze the Project’s readiness to proceed and feasibility, including review of the following: (i) Project description; (ii) Detailed Project budget; (iii) Project location; (iv) Project timeline; (v) A certified engineering report; and (vi) Identification of other funds needed to complete the Project. (3) The application must be signed by the Municipality’s highest elected official or by a duly authorized person. (4) The Authority will only process completed applications.