Or. Admin. Code § 123-400-0100

Current through Register Vol. 63, No. 11, November 1, 2024

Section 123-400-0100 - [Effective until 11/25/2024] Oregon CHIPS Fund

In addition to the disbursement of program grants and loan proceeds or other purposes allowable under sections 1 to 6, chapter 25, Oregon Laws 2023, moneys from the Fund may be used, as determined by the Governor or the Department, to pay for:

(1) Administrative costs including but not limited to:

(a) Issuing application materials, as well as education about the process;

(b) Processing and reviewing applications;

(c) Drafting and negotiating agreements and application assistance grants;

(d) Implementing reporting and compliance procedures, including but not limited to accounting for and estimating State and Local Revenue;

(e) Managing grant or loan awards from initiation to closing;

(f) Conducting enforcement activities for Program noncompliance, including repayment collection activities; and

(g) Procuring consulting, legal or other services for conducting the activities described in this section.

(2) Administrative and other costs of the Governor in carrying out section 10, chapter 25, Oregon Laws 2023.

(3) Paying the actual costs incurred by the Department to develop, administer, and carry out sections 1 to 4, chapter 81, Oregon Laws 2024, including administering the CHIPS Child Care Fund and a program to provide financial support and childcare subsidies.

(4) Financial assistance for National Semiconductor Technology Center ("NSTC") projects established pursuant to the federal program provided by 15 U.S.C. 4656(c). Financial assistance for NSTC projects are exempt from the return on investment requirements (state and local revenue or job creation) described in these administrative rules.

Or. Admin. Code § 123-400-0100

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, 8 & 8b

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