City Code Section
- A. Proceeds from the Clean Energy Surcharge will be placed in a special fund to be designated as the “Portland Clean Energy Community Benefits Fund” (“Fund”).
- B. Fund proceeds will be distributed through grants and contracts.
- C. Qualified organizations are eligible to receive grants, solely or in partnership with other non-profit entities, government entities, or for-profit businesses.
- D. Qualified organizations and qualified businesses are eligible to receive contracts, solely or in partnership with other non-profit entities, government entities, or for-profit businesses.
- E. No more than 12 percent of the Fund will be spent on administrative expenses. The percent for a fiscal year will be calculated by dividing the administrative expenses for the fiscal year with the sum of the administrative expenses for the fiscal year and the average of the prior 3 fiscal years’ annual Fund revenues.
- F. The Fund is subject to a financial audit every year and a performance audit every 2 years, with the costs of any audit excluded from the administrative expenses limit.