Or. Admin. Code § 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.). The Fund received legislative appropriations and the Department
received expenditure authority for the appropriations from sections 8 and 8b,
chapter 25, Oregon Laws 2023 and sections 245 to 247, chapter 114, Oregon Laws
2024. In addition to usage for Oregon CHIPS, pursuant to chapter 81, Oregon
Laws 2024, money in the Fund may be transferred to the CHIPS Child Care Fund
for the purposes of providing financial support and child care subsidies for
construction workforce. Pursuant to Chapter 89, Oregon Laws 2024, moneys in the
Fund may also be used for National Semiconductor Technology Center projects
under the federal program established pursuant to
15 U.S.C.
4656(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 and the
amended permanent rules shall apply to all program applicants and awardee
businesses.
(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.
Notes
Statutory/Other Authority: ORS 285A.075, OR Laws 2023 ch. 25 §§1-8 & OR Laws 2023 ch. 25 §8b
Statutes/Other Implemented: OR Laws 2023 ch. 25 §§1-8 & OR Laws 2023 ch. 25 §8b
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.