Or. Admin. Code § 123-400-0050

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

Section 123-400-0050 - Application Assistance Grants

(1) As part of an application that requests a program grant or loan for a proposed project, a business may request an application assistance grant in an amount not to exceed $50,000.

(2) The Department may award and disburse an application assistance grant based principally on the business's demonstration of need for assistance.

(3) The Department may award an application assistance grant only to a business that the Department has also approved an application for a program grant or loan.

(4) Notwithstanding section (3) of this rule, a contract specific to the application assistance grant may be executed prior to execution of an agreement for a program grant or loan.

(5) A business awarded an application assistance grant shall use the grant funds solely for the costs of preparing and submitting the business's application for federal semiconductor financial assistance, and an application assistance grant contract shall require the business to complete and submit an application for federal semiconductor financial assistance.

(6) Repayment and penalties under section 5, chapter 25, Oregon Laws 2023, attach to any application assistance grant.

(7) Comparable funding, as may be provided to covered entities seeking federal semiconductor financial assistance, through a separate program of the Governor or the Department, is not subject to this administrative rule or to sections 1 to 6, chapter 25, Oregon Laws 2023.

Or. Admin. Code § 123-400-0050

OBDD 32-2023, adopt filed 11/27/2023, effective 11/29/2023

Statutory/Other Authority: ORS 285A.075 & OR Laws 2023 Ch. 25 §§1, 2, 3 & 5

Statutes/Other Implemented: OR Laws 2023 Ch. 25 §§1, 2, 3 & 5