(2) The grant contract must include:
(a) A certification that the requirement for a matching amount is satisfied;
(b) Terms and conditions obligating the public university or community college to maintain any federal tax benefit related to the Article XI-G bonds and to execute and deliver any required tax certificates or agreements in connection with any federal tax benefit related to the Article XI-G bonds; and
(c) Terms and conditions indemnifying the State of Oregon against regulatory or bondholder liability due to the action or inaction of the public university or community college related to the Article XI-G bonds.
(3) The grant contract may include:
(a) Reporting and accounting requirements or other conditions necessary or advisable to ensure that moneys are expended for intended purposes;
(b) Terms and conditions that are necessary or advisable to ensure compliance with applicable laws or regulations; and
(c) Provisions for the payment of fees by a community college to cover costs of the commission relating to the execution of the commission’s responsibilities under the grant contract. [2015 c.828 §9; 2016 c.66 §11; 2017 c.9 §11]
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.