OAR 123-061-0035: Temporary rule language in effect until 01/08/2027. Contracts

(1) Upon approval of an award from the Fund, the Department will enter into a binding contract with the Local Government or Tribe. (2) The contract for a Grant and/or Loan shall be in a form provided by the Department and will include at a minimum: (a) A provision that disbursements from the Fund will be according to the terms of the contract; (b) The eligible use of funds; (c) The performance standards expected of the Local Government or Tribe; (d) The repayment obligation of the Local Government or Tribe for breach of the contract. (e) Other provisions that the Department considers necessary or appropriate to implement the Program. (3) In the event of a contract default, any recovered funds will be returned to the Fund and may be awarded to another Project. (4) A contract for a Loan must be authorized by an ordinance, order or resolution adopted by the governing body of the Local Government or Tribe in accordance with the Local Government’s or Tribe’s requirements for public notice and authorizing debt.