OAR 731-017-0030: Additional Requirements for Alternative Funding Plans

(1) In addition to the requirements of section 0020 of this division, an application requesting approval of an alternative funding plan shall include the following additional information: (a) An estimate of the additional funds required to construct needed state highway facilities or improvements or provide identified mitigation improvements or measures. (b) A description of the proposed alternative funding method and an explanation how it would be adequate to alleviate the funding shortfall. (c) An explanation why implementation of the proposed alternative funding method is feasible and likely to occur. (d) If the proposed alternative method requires participation by other public or private entities, such as contributions from employers or other parties directly benefitting from an economic development project, a demonstration of commitment by such other entities to participate in the funding method. (2) Applications for alternative funding plans must be approved by the Commission.