Current through Register Vol. 63, No. 9, September 1, 2024
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.
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
