Signed by Governor Tina Kotek

Vote Smart's Synopsis:

Vote to pass a bill that establish a fund to help the electronic chip industry in the state of Oregon.

Highlights:

• Establishes that the Higher Education Coordinating Commission shall allocate money from the Semiconductor Talent Sustaining Fund to provide education, training, and research to assist the semiconductor industry in (Sec. 1): 

• Propelling industry innovation productivity; and

• Providing careers for technically certified residents. 

• Specifies the allocations that the commission shall consider (Sec. 1).

• Expands on the Semiconductor Talent Sustaining Fund and where it shall be credited from (Sec. 2). 

• Requires the program to be admitted by the department and the Governor (Sec. 6). 

• Establishes that the program grants and loans be treated by the United States Secretary of Commerce as covered incentives for purposes of the federal semiconductor financial assistance program (Sec. 6). 

• Specifies that regardless of whether a business’s application for federal semiconductor financial assistance is approved (Sec. 6) : 

• The development of a site for a semiconductor or other manufacturing facility to include but not be limited to the aggregation land; 

• Research and development with respect to semiconductors; and

• Parenting with institutions of higher education. 

• Authorizes the act to take effect on the 91st day after the date on which the 2024 regular session adjourns (Sec. 8). 

Full Bill Text