OAR 695-046-0185. Use of Grant Funds

Water acquisition grant funds may be applied toward reasonable costs, as determined by OWEB, related to the implementation of Water Acquisition Projects, including: (1) The purchase price and the purchase option fees associated with acquisition of an interest in water. (2) The cost of water conveyance or water use efficiency project elements, such as equipment, supplies, and contracted services for installation, that result in Legally Protected Instream Flow using Oregon Water Resources Department’s Allocation of Conserved Water program, or other Department-administered instream flow water conservation program. (3) The monetary interest on bridge loans needed to secure the interest in water prior to when funding will be available for distribution through the program. (4) The staff and contracting costs incurred as part of designing the project and acquiring the interest in water. (5) The cost of outreach activities necessary for the funded Water Acquisition Project. (6) The cost of due diligence activities, including appraisal or valuation of the interest to be acquired, water right review, title report, permitting, assessment of the timing and extent of water use and regulation associated with the interest in water, and other customary due diligence activities. (7) The closing fees related to the acquisition of an interest in water. (8) The cost of monitoring the Water Acquisition Project to certify that the water interest is being used and managed consistent with intent of grant application, allowing for any conditions listed in the Grant Agreement. (9) Other reasonable costs, as determined by OWEB, for project planning and outreach with holders of a Water Use Subject to Transfer, related to development of the proposed Water Acquisition Project or future eligible Water Acquisition Projects in the same basin, or a portion thereof. These costs must be necessary for carrying out eligible programs that lead to development of eligible Water Acquisition Projects. The maximum amount that may be requested for these costs will be included in the announcement for the grant offering.