Grant Agreements and Conditions

(1) The Authority shall provide a Grant Agreement to each Recipient. The Grant Agreement shall specify the legal requirements for Grant Program management, reporting and record keeping as well as the Authority’s monitoring and Grant Program closeout procedures. (2) The Authority will enter into Grant Agreements with new Recipients or may amend agreements with prior Recipients if all reporting obligations under the earlier agreements have been met. (3) The Authority and the Recipient must execute a Grant Agreement or amendment prior to any Grant Program funds being disbursed. (4) If the Grant Agreement or amendment has not been fully executed by all the parties within 60 days of the Recipient receiving the Grant Agreement, the Authority may rescind its decision to provide Grant Program funds to the Recipient. The money allocated to the grant will then be available for reallocation by the Authority consistent with the application priorities established by the Grant Selection Committee. (5) The Authority shall establish Grant Agreement conditions, which may include a prohibition on any Recipient spending more than 15 percent of received Grant Program funds on Administrative Costs. Recipients shall comply with all Grant Agreement conditions. In addition, Recipients shall comply with all applicable federal, state and local laws and ordinances. (6) Recipients shall comply with all narrative and financial reporting requirements outlined in the Grant Agreement. Narrative and financial report templates will be provided by the Authority to each Recipient upon grant award. The narrative and financial reports are due to the Authority on or before the 30th day of the month following the end of each calendar quarter (ending on March 31, June 30, September 30, and December 31). Failure to submit narrative and financial reports or to submit reports on time may result in an “Event of Default” as described in the Grant Agreement leading to remedial actions and/or the termination of the Grant Agreement by the Authority. Statutory/Other Authority: ORS 401.121 & ORS 401.123 Statutes/Other Implemented: ORS 401.121 & ORS 401.123 History: OEM 3-2026, adopt filed 05/27/2026, effective 05/27/2026