HB4040 - Relating to economic development; declaring an emergency.

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The Act would change how applications for broadband grant programs are reviewed. The Act would make the Oregon State Fair and Expo Center eligible for a grant award to make up for COVID losses. The Act takes effect when the Governor signs it. (Flesch Readability Score: 77.4). [Digest: The Act requires a study of the state economy. A report will be submitted by September 15 of next year. (Flesch Readability Score: 65.5).] [Requires the Oregon Business Development Department to study economic development in Oregon. Directs the department to submit a report of the study to the interim committees of the Legislative Assembly related to economic development no later than September 15, 2025.] Changes the process for reviewing applications for broadband grant programs. Makes the Oregon State Fair and Expo Center eligible for a grant award under section 9, chapter 546, Oregon Laws 2023. Declares an emergency, effective on passage.