HB4154: Relating to semiconductors; prescribing an effective date.

Legislative Summary

Creates a fund to help the electronic chip industry. The Act becomes law 91 days after adjournment. (Flesch Readability Score: 63.8). Establishes the Semiconductor Talent Sustaining Fund [and subaccounts of the fund]. Requires the Higher Education Coordinating Commission to allocate moneys from the fund [and subaccounts] to provide education, training and research to assist the semiconductor industry. [Requires the commission to establish a statewide semiconductor industry consortium for the purpose of developing a comprehensive statewide strategy to guide investments and build educational pathways and research capacity for the semiconductor industry and to make recommendations to the commission on how best to allocate moneys in the Semiconductor Talent Sustaining Fund and subaccounts.] [Requires the consortium to submit a report to the Legislative Assembly every two years detailing progress and investments made to improve semiconductor education and research.] [Requires the commission to award a series of grants to identified entities.] Exempts some programs receiving federal financial assistance from certain provisions. Sunsets the Semiconductor Talent Sustaining Fund [and subaccounts] on January 2, 2030. Takes effect on the 91st day following adjournment sine die.