OAR 123-084-0065: Grant Agreement

(1) After approval of an application for a Program grant and Notice of Intent to Award, the Department will begin preparation of a binding Grant Agreement between the Department and the applicant or applicable Lead Organization for the application. (2) Agreements for Program Grants: (a) Shall have a required completion date and a deadline to request and disburse Program funds. (b) Shall incorporate the Grant award amount. (c) Shall provide that Grant funds may be used to pay only Project costs for the purposes of capacity building and technical assistance in the outdoor gear and apparel industry, as further detailed in the Grant Agreement. (d) Shall set forth the process that will be used to disburse Grant funds to the Grant Recipient as an advanced payment of 30% of the Program award amount followed by two equal disbursements of 35% of the award amount. The Department will make the second and third disbursements only after the recipient provides adequate documentation (in a format satisfactory to the Department) both that they’ve made appropriate progress on Project metrics and expenditures of at least 80% of the first and second Program disbursements respectively. (e) Shall provide a Project description with activities described, a schedule for key milestones and activities, and other goals to be met by the Recipient. (f) Shall incorporate a Project Budget, detailing both Grant funds and Match budgets. Pre-award costs are not eligible for Grant funding or Match contribution calculation unless expressly authorized by Business Oregon in the Grant Agreement, in its sole discretion. (g) Shall incorporate Project programmatic and financial reporting requirements (see OAR 123-086-0070) and other documentation that the Grant Agreement Recipient shall submit throughout the term of the Grant Agreement. (h) Shall require compliance with applicable local, state and federal laws. (i) Shall provide for remedies in the event of a breach or default of the Grant Agreement. (j) Shall contain such other terms and conditions as the Department requires. (3) Grant Agreements may be subject to review and approval by the Oregon Department of Justice for legal sufficiency as required by ORS 291.047. Applicants will not receive Grant funds until all required documents have been submitted and deemed satisfactory by Business Oregon and a Grant Agreement is fully executed.