By: Bonnen H.B. No. 5487 A BILL TO BE ENTITLED AN ACT relating to the operation and administration of the Texas Semiconductor Innovation Consortium. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 481.652, Government Code, is amended to read as follows: (a) The Texas Semiconductor Innovation Consortium is established as an advisory panel to the governor and the legislature. (b) The purposes of the consortium are to: (1) leverage the expertise and capacity of institutions of higher education, industry, and nonprofit stakeholders to provide advice and input to the office regarding [develop] a comprehensive strategic plan to ensure ongoing semiconductor innovation; (2) sustain the leadership of this state in advanced semiconductor research, design, and manufacturing; (3) attract public and private investment in this state related to research, development, commercialization, and manufacturing of semiconductors; (4) identify and expand opportunities for workforce training and development related to the research, design, and manufacturing of semiconductors; and (5) establish a forum for public and private stakeholders across the semiconductor manufacturing industry in this state to focus on education, research and development, and commercial production. SECTION 2. Section 481.654(b), Government Code, is amended to read as follows: (b) The office shall provide the staff and facilities necessary to assist the consortium in performing the consortium's duties under this subchapter. The office shall employ an executive director to direct staff and undertake all actions necessary to assist the consortium in performing the consortium's duties under this subchapter. SECTION 3. Section 481.656(a), Government Code, is amended to read as follows: Sec. 481.656. DUTIES OF EXECUTIVE COMMITTEE. (a) The executive committee shall: (1) provide advice and input to the office regarding [develop and execute[develop and execute] on] a comprehensive statewide strategic plan to further the purposes[objectives] of the consortium and the executive committee specified in this Subchapter[as established under Section 481.652]; and (2) solicit recommendations from consortium members on funding and research opportunities related to semiconductor research, design, commercialization, and manufacturing.[;] [(3) appoint an executive director of the consortium and determine the title, functions, duties, powers, and salary for the executive director; and] (4) prepare and submit the report required by Section 481.657.] SECTION 4. Section 481.657, Government Code, is amended to read as follows: Sec. 481.657. BIENNIAL REPORT. Not later than December 1 of each even-numbered year, the office[executive committee] shall prepare and submit to [the governor and] the Legislative Budget Board a written report that outlines: (1) activities undertaken to meet the purposes of the consortium under Section 481.652; (2) a summary of the funding and research opportunities identified under Section 481.656(a)(2); (3) any legislative recommendations to further the purposes of the consortium; (4) any prospective grants or funding the consortium members expect to apply for or receive; and (5) any research accomplishments associated with the consortium. SECTION 5. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2025.