Texas House Bill HB1389

Texas 2015 - 84th Regular

Caption

Relating to the funding of certain activities related to the commercialization of emerging technologies.

Impact

The impact of HB1389 primarily revolves around the revisions made to how financial data and performance metrics related to technology projects are reported. With the passage of this bill, the governor is mandated to provide a detailed report on awards made under the revised framework annually. This shift is expected to enhance transparency and accountability regarding the disbursement of state funding to tech initiatives and the actual outcomes resulting from these investments.

Summary

House Bill 1389 focuses on the funding aspects related to the commercialization of emerging technologies in Texas. This Act aims to restructure and update the existing regulations surrounding how funds are allocated for activities that promote technological innovation. By repealing Subchapter D of Chapter 490 of the Government Code, the bill underscores a shift towards more streamlined funding mechanisms for emerging tech initiatives, potentially leading to greater efficiency in the approval and distribution of funds.

Contention

One point of contention relating to HB1389 may arise from the repeal of comprehensive support mechanisms previously afforded to emerging technology sectors, as outlined in Subchapter D. Critics might argue that this change could limit the state's scope to foster innovation and technology commercialization in various niches. The concerns would likely center on whether the new funding structure can adequately cover the diverse needs of Texas's burgeoning tech landscape and whether it reduces overall state investment in critical technology development initiatives.