Texas House Bill HB3853

Texas 2015 - 84th Regular

Caption

Relating to creation of the university research initiative fund, the abolishment of the Texas emerging technology fund, and the disposition of balances from the Texas emerging technology fund.

Impact

One of the bill's significant implications is the transition from the Texas Emerging Technology Fund to a more focused initiative that targets the recruitment of nationally and internationally recognized researchers. The new University Research Initiative Fund will operate as a dedicated account funded by state allocations, commercialization benefits, and donations. This restructuring indicates a commitment to advancing research capability and capacity at Texas's institutions of higher education, contributing to long-term economic development.

Summary

House Bill 3853 aims to create the University Research Initiative Fund while simultaneously abolishing the Texas Emerging Technology Fund. The legislation outlines a structured approach towards funding aimed at enhancing the state's higher education institutions through recruitment and retention of renowned researchers in science, technology, engineering, and mathematics (STEM) fields. By facilitating matching grants for educational institutions, the bill seeks to bolster Texas's competitiveness in academic and economic landscapes.

Contention

During discussions around the bill, notable points of contention arose regarding the utility of the Texas Emerging Technology Fund and the rationale behind its abolishment. Critics argue that eliminating the existing fund could hinder ongoing projects and diminish the state's capacity to support emerging technologies. Conversely, proponents of HB 3853 assert that the new initiative will provide a more targeted strategy for fostering research excellence, ensuring that State resources are allocated efficiently to areas with the highest potential for impact in global economic competitiveness.