Oregon Business Development Department
Chapter 123
Division 95
INDUSTRY COMPETITIVENESS FUND
123-095-0040
Administration of Awards
(1) Upon approval of a grant for a Project, Department will enter into an agreement with the entity responsible for completing the Project. The agreement will, as applicable, include, but is not limited to, the following:
(a) A description of the Project;
(b) Procedures and conditions for disbursing the grant moneys from the Industry Competitiveness Fund;
(c) A requirement that private sector funds used to cover cash expenses for the Project must be at least equal to the amount of the grant from the Industry Competitiveness Fund;
(d) A requirement that the grant from the Industry Competitiveness Fund may not exceed 50% of the total cash cost of the Project;
(e) A requirement that a sign be conspicuously displayed at the site of the Project or a statement included on written documents produced as a result of the Project which indicates the Project is being funded with Oregon State Lottery Funds, administered by Department;
(f) Reporting requirement(s); and
(g) Other provisions deemed necessary by Department.
(2) Upon approval of using Industry Competitiveness Fund moneys in accordance with 123-095-0020(1)(b), Department will procure the goods and services in accordance with OAR 123 division 6, Procedures for Contracts Entered with the Business Development Department.
Statutory/Other Authority: ORS 285A.075
Statutes/Other Implemented: ORS 285B.286 & 285B.290
History:
OBDD 6-2015, f. & cert. ef. 8-4-15
OBDD 11-2013, f. 11-26-13, cert. ef. 12-1-13
OBDD 8-2013(Temp), f. & cert. ef. 10-4-13 thru 4-2-14
EDD 1-2000, f. & cert. ef. 1-13-00
EDD 1-1993, f. & cert. ef. 1-15-93
EDD 4-1992(Temp), f. & cert. ef. 3-18-92