HB1440: Richard H. Smith Georgia CHIPS Advancement in Research and Economic Development Act; enact

Legislative Summary

A BILL to be entitled an Act to amend Chapter 34 of Title 50 of the O.C.G.A., relating to the OneGeorgia Authority, so as to enact the "Richard H. Smith Georgia CHIPS Advancement in Research and Economic Development Act"; to provide for definitions; to provide for grant and loan programs to incentivize and attract semiconductor companies to locate or relocate to this state; to provide for research and development and advanced packaging incentives to support such relocations; to provide for the establishment and purposes of the Kemp CHIPS Economic Development Fund and the Research and Development and Advanced Packaging Incentives Fund; to establish the Georgia CHIPS and Advanced Technology Consortium to serve as an advisory body; to provide for an executive committee and its duties; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.