Department of Transportation
Public Transit Division - Chapter 732
Division 40
STATEWIDE TRANSPORTATION IMPROVEMENT FUND - GENERAL INFORMATION
732-040-0040
Qualified Entity Management and Joint Management of STIF Funds
(1) Two or more Qualified Entities may jointly manage the STIF moneys disbursed to them. The Qualified Entities shall enter into a written agreement pursuant to ORS chapter 190.
(2) When two or more Qualified Entities jointly manage their STIF Formula Fund moneys, they shall designate their respective roles and responsibilities in the written agreement and shall send a copy of the executed agreement to the Agency within 30 days of execution.
(3) Qualified Entities intending to jointly manager STIF moneys under this rule may, but are not required to, establish a joint Advisory Committee as described in OAR 732-040-0030(2).
Statutory/Other Authority: ORS 184.619, ORS 184.658 & ORS 184.761
Statutes/Other Implemented: ORS 184.751-184.766
History:
PTD 1-2018, adopt filed 06/26/2018, effective 07/01/2018