Or. Admin. Code § 123-400-0000

Current through Register Vol. 64, No. 1, January 1, 2025

Section 123-400-0000 - Purpose and Scope

(1) The 82nd Oregon Legislative Assembly, 2023 Regular Session, passed chapter 25, Oregon Laws 2023 (Enrolled Senate Bill 4) which established the Oregon CHIPS Fund ("Fund") and a new program to support private investment in the semiconductor and advanced manufacturing industry through financial awards of grants and loans to businesses that are covered entities ("Oregon CHIPS"). The awards are intended to serve as covered incentives and thereby assist businesses for purposes of federal semiconductor financial assistance from the U.S. Department of Commerce, pursuant to the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act of 2022 (Pub. L. 117-167), Chapter 72A, Title 15, United States Code (U.S.C.).

(2) These administrative rules specify elements of the program developed by the Department pursuant to sections 1 to 6, chapter 25, Oregon Laws 2023 (Enrolled Senate Bill 4), in order for the state to make financial awards of grants and loans from the Fund. The permanent administrative rules for the program are effective November 29, 2023.

(3) In administering this program, the Governor and the Department will emphasize investments that assist communities, businesses or industries in promoting the creation, expansion, and preservation of semiconductor and advanced manufacturing in Oregon, and that encourage diversification and preservation of regional economies.

Or. Admin. Code § 123-400-0000

OBDD 32-2023, adopt filed 11/27/2023, effective 11/29/2023; OBDD 11-2024, temporary amend filed 05/30/2024, effective 5/30/2024 through 11/25/2024

Statutory/Other Authority: ORS 285A.075 & OR Laws 2023 ch. 25 §§1-6, 7, 8 & 8b

Statutes/Other Implemented: OR Laws 2023 ch. 25 §§1-6, 7, 8 & 8b