Or. Admin. Code § 123-400-0030

Current through Register Vol. 63, No. 10, October 1, 2024

Section 123-400-0030 - [Effective until 11/25/2024] Application Review and Approval

In coordination and consultation with the Governor, the Department shall review all timely and complete applications for program grants and loans. The review shall include:

(a) Review of proposed projects for determination of compliance with eligible uses of program grant and loan proceeds as provided by section 1(3)(a), chapter 25, Oregon Laws 2023, and as further defined by this division of rules;

(b) Review for completion of the application, including satisfaction of requirements provided under section 2(b), chapter 25, Oregon Laws 2023;

(c) Applying the preferences provided under section 3(2), chapter 25, Oregon Laws 2023; and

(d) Applying other criteria set forth with the Request for Applications.

(2) When the Governor intends to approve program grant or loan amounts that exceed $50 million in total for a single business, the Governor with the Department's assistance, shall provide formal notice of the amount of the program grant or loan the Governor intends to approve to the Speaker of the Oregon House of Representatives, State Senate President, and the co-chairs of committees involved in the passage of Senate Bill 4 (2023).

(3) Within 90 days of receiving an application (but not less than 30 days after any notice in section (2) of this rule), the Department in consultation with the Governor shall approve or reject:

(a) The requested program grant or loan in the application; and

(b) Any accompanying request for an application assistance grant.

(A) Successful applicants will receive a notice of intent to award, and unsuccessful applicants will receive a letter of explanation.

(B) The notice of intent to award letter provided for approved applications shall contain an offer of an amount for the program grant or loan, an amount for an application assistance grant or both, including but not limited to an offer that is less than what was requested by the business applicant.

(4) Any Business approved for a program grant or loan shall provide the Department evidence of federal CHIPS for America Act application acceptance by the U.S. government.

Or. Admin. Code § 123-400-0030

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, 2 & 3

Statutes/Other Implemented: OR Laws 2023 Ch. 25 §§1, 2 & 3