http://biz.yahoo.com/bw/061222/20061222005511.html?.v=1
SUNNYVALE, Calif.--(BUSINESS WIRE)--AMD (NYSE:AMD - News) today announced it has signed a Grant Disbursement Agreement (GDA) with the State of New York, establishing a two-year window from July 2007 to July 2009 in which AMD can choose to initiate the building of a new state of the art 300mm wafer fabrication facility in Saratoga County, NY. AMD's execution of the agreement comes after New York's Public Authorities Control Board (PACB) voted on Wednesday to approve a $650 million grant for AMD.