Digest: The Act funds and updates the equity grant program. (Flesch Readability Score: 75.5). Appropriates moneys from the General Fund to the Oregon Business Development Department to be used for the Economic Equity Investment Program. Includes membership in, or descent from a member of, a state or federally recognized Indian tribe as an economic equity risk factor. Authorizes grant recipients to allocate grant moneys to any entity lawfully organized and operating under state law. Requires the department, during the rulemaking process, to consult the persons and communities most likely to be affected by the program. Declares an emergency, effective on passage.
No votes to display
In committee upon adjournment.
Public Hearing held.
Referred to Economic Development and Small Business with subsequent referral to Ways and Means.
First reading. Referred to Speaker's desk.
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