Oregon Business Development Department
Chapter 123
Division 61
REGIONAL INFRASTRUCTURE FUND
123-061-0033
Funding Allocation and Project Recommendation
(1) Each region will receive a base of five percent of the total amount available during any round of applications. If a region does not submit a timely application or submits one for less than five percent, the five percent or remaining percent for that region may be awarded to other projects.
(2) Regional Solutions Advisory Committees will recommend projects from their region to the Grant and Loan Review Committee.
(3) The Department will establish a Grant and Loan Review Committee, which will review project recommendations, determine projects and amounts to award.
Statutory/Other Authority: OL 2013 c.786 §3
Statutes/Other Implemented: OL 2013 c.786 §3, OL 2014 c.82 §2, 3 & 5
History:
OBDD 15-2016, f. & cert. ef. 12-22-16