2011 Regular Session
|At the request of:||(at the request of House Interim Committee on Sustainability and Economic Development)|
|Bill Title:||Relating to clean energy economic development; appropriating money; declaring an emergency.|
Establishes Oregon Fund for Energy, Jobs and Innovation.
Authorizes Oregon Innovation Council to make grants and loans from fund for clean energy economic development proposals. Establishes minimum proposal requirements. Requires nonprofit entity or signature research center to issue request for proposals and make recommendations for funding to council. Requires council to adopt rules. Permits council to determine eligibility of proposals for revenue bond financing. Requires Oregon Business Development Department to request issuance of revenue bonds by State Treasurer upon determination of eligibility. Authorizes Oregon Innovation Council to establish one or more signature research centers. Establishes clean energy economic development charge to be collected by public utilities for deposit in Oregon Fund for Energy, Jobs and Innovation to fund proposals for clean energy economic development. Declares emergency, effective on passage.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Transportation and Economic Development|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|