Digest: The Act would give federal funds marked for small business to Lit Motors, Inc., to fund its making of electric vehicles in this state. (Flesch Readability Score: 62.6).
Directs the Oregon Business Development Department to distribute moneys available through the federal State Small Business Credit Initiative to Lit Motors, Inc., to fund the manufacture of electric vehicles in Oregon, with attendant economic benefits.
Declares an emergency, effective on passage.