OAR 695-048-0140: Board Approval and Delegation of Authority

( 1 ) The Board shall approve grants in accordance with this OAR Chapter 695, Division 48. The Director is delegated all necessary authority to ensur e that funding conditions required by the Board are fully satisfied by the G rantee. ( 2 ) Other than provided for in OAR 695-048-01 6 0 ( 3 ) , c onditionally approved grant funds shall be encumbered for disbursement only after all conditions are fulfilled. The encumbered funds may be made available for other uses by OWEB if all conditions required by the Board are not satisfied within 18 months of the conditional Board approval, unless a time extension is approved by the Board.