Or. Rev. Stat. § 329A.743.

Oregon · Oregon Revised Statutes Chapter 329A — Child Care · Status: effective

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Citation: Or. Rev. Stat. § 329A.743, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2498050
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(1) The CHIPS Child Care Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the CHIPS Child Care Fund shall be credited to the fund. (2) Moneys in the fund are continuously appropriated to the Oregon Business Development Department for the following purposes: (a) Paying the actual costs incurred by the department to develop and administer this section and ORS 329A.740; and (b) Carrying out this section and ORS 329A.740, including transferring moneys to the Bureau of Labor and Industries to develop and administer the program described in ORS 329A.740. (3) The Oregon Business Development Department may transfer moneys deposited in the fund to the Child Care Infrastructure Fund established under ORS 329A.725. Moneys transferred under this subsection shall be used by the department to provide financial assistance under ORS 329A.727. (4) The Oregon Business Development Department shall administer the CHIPS Child Care Fund in consultation with the Bureau of Labor and Industries. (5) The fund shall consist of moneys credited to the fund, including: (a) Moneys appropriated to the fund by the Legislative Assembly; (b) Moneys transferred to the fund by the Oregon Business Development Department; (c) Moneys contributed to the fund by businesses that receive a program grant or loan under section 3, chapter 25, Oregon Laws 2023, and federal semiconductor financial assistance, as defined in section 1, chapter 25, Oregon Laws 2023; (d) Earnings on moneys in the fund; (e) Moneys received from the federal or state government; and (f) Moneys from any other public or private source.