7 | 5 | | |
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8 | 6 | | |
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9 | 7 | | A BILL TO BE ENTITLED |
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10 | 8 | | AN ACT |
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11 | 9 | | relating to the creation of the Texas technology and innovation |
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12 | 10 | | program. |
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13 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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14 | 12 | | SECTION 1. Chapter 489, Government Code, is amended by |
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15 | 13 | | adding Subchapter G to read as follows: |
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16 | 14 | | SUBCHAPTER G. TEXAS TECHNOLOGY AND INNOVATION PROGRAM |
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17 | 15 | | Sec. 489.351. DEFINITIONS. In this subchapter: |
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18 | 16 | | (1) "Federal funding program" means the small business |
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19 | 17 | | innovation research and small business technology transfer |
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20 | 18 | | programs established by 15 U.S.C. Section 638. |
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21 | 19 | | (2) "Program" means the Texas technology and |
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22 | 20 | | innovation program established under this subchapter. |
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23 | 21 | | Sec. 489.352. ESTABLISHMENT AND ADMINISTRATION OF PROGRAM. |
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24 | 22 | | The office shall establish and administer the Texas technology and |
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25 | 23 | | innovation program to foster job creation and economic development |
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26 | 24 | | in this state by matching or supplementing money received by a |
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27 | 25 | | business entity through the federal funding program. |
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28 | 26 | | Sec. 489.353. ELIGIBILITY. To be eligible to receive money |
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29 | 27 | | under the program, a business entity must: |
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30 | 28 | | (1) meet at least one of the following conditions: |
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31 | 29 | | (A) be organized under the laws of this state; |
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32 | 30 | | (B) maintain a domestic headquarters in this |
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33 | 31 | | state; |
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34 | 32 | | (C) maintain at least one manufacturing facility |
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35 | 33 | | in this state; or |
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36 | 34 | | (D) have more than half of the entity's employees |
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37 | 35 | | residing in this state; |
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38 | 36 | | (2) meet all requirements to receive money under the |
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39 | 37 | | federal funding program; |
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40 | 38 | | (3) not receive concurrent funding from another state |
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41 | 39 | | program or fund that serves the same purpose as the program; and |
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42 | 40 | | (4) meet any additional requirements under this |
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43 | 41 | | subchapter for the applicable phase under which the business entity |
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44 | 42 | | applies to receive money. |
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49 | 47 | | (1) the business entity's name; |
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50 | 48 | | (2) the business entity's business organization |
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51 | 49 | | structure; |
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52 | 50 | | (3) the business entity's address and any principals |
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53 | 51 | | listed at a different address; |
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54 | 52 | | (4) certification of the information required under |
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55 | 53 | | Section 489.353; and |
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56 | 54 | | (5) any other information required by the office. |
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57 | 55 | | (b) In addition to the requirements of Subsection (a), a |
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58 | 56 | | business entity must provide to the office, as applicable: |
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59 | 57 | | (1) for "phase zero" or a similar stage of the federal |
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60 | 58 | | funding program process, a notification of receipt for an |
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61 | 59 | | application for funding under the federal funding program; |
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62 | 60 | | (2) for "phase one" or a similar stage of the federal |
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63 | 61 | | funding program process: |
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64 | 62 | | (A) a notice of award to the entity from a funding |
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65 | 63 | | agency under the federal funding program; |
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66 | 64 | | (B) a final report for the applicable stage as |
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67 | 65 | | required by the federal funding program; and |
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68 | 66 | | (C) a proposal for money under the next stage of |
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69 | 67 | | the federal funding program; and |
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70 | 68 | | (3) for "phase two" or a similar stage of the federal |
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71 | 69 | | funding program process: |
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72 | 70 | | (A) a notice of award to the entity from a funding |
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73 | 71 | | agency under the federal funding program; and |
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74 | 72 | | (B) a final report for the applicable stage as |
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75 | 73 | | required by the federal funding program. |
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76 | 74 | | Sec. 489.355. AWARD OF GRANT; LIMITATIONS. (a) The office |
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77 | 75 | | may award a "phase zero" grant under this subchapter immediately on |
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78 | 76 | | fulfillment of the requirements under Section 489.354(b)(1). |
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79 | 77 | | (b) The office may award a "phase one" grant under this |
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80 | 78 | | subchapter immediately on fulfillment of the requirements under |
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81 | 79 | | Section 489.354(b)(2). |
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82 | 80 | | (c) The office may award a "phase two" grant under this |
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83 | 81 | | subchapter immediately on fulfillment of the requirements under |
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84 | 82 | | Section 489.354(b)(3). |
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85 | 83 | | (d) A business entity may assign a grant received under this |
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86 | 84 | | subchapter only with the prior written consent of the office. |
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87 | 85 | | (e) A business entity may not receive more than: |
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88 | 86 | | (1) one grant in each state fiscal year; and |
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89 | 87 | | (2) five grants in each phase under this section. |
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90 | 88 | | Sec. 489.356. FUNDING. (a) The office shall award grants |
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91 | 89 | | as provided by this subchapter from available money and any |
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92 | 90 | | additional money appropriated for purposes of this subchapter. |
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93 | 91 | | (b) The office may solicit and receive gifts, grants, and |
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94 | 92 | | donations from any source to provide additional funding for grants |
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95 | 93 | | awarded under this subchapter. |
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96 | 94 | | SECTION 2. As soon as practicable after the effective date |
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97 | 95 | | of this Act, the Texas Economic Development and Tourism Office |
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98 | 96 | | shall adopt the rules necessary to implement Subchapter G, Chapter |
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99 | 97 | | 489, Government Code, as added by this Act. |
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100 | 98 | | SECTION 3. (a) Notwithstanding any other section of this |
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101 | 99 | | Act, in a state fiscal year, the Texas Economic Development and |
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102 | 100 | | Tourism Office is not required to implement a provision found in |
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103 | 101 | | another section of this Act that is drafted as a mandatory provision |
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104 | 102 | | imposing a duty on the office to take an action unless money is |
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105 | 103 | | specifically appropriated to the office for that fiscal year to |
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106 | 104 | | carry out that duty. The Texas Economic Development and Tourism |
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107 | 105 | | Office may implement the provision in that fiscal year to the extent |
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108 | 106 | | other funding is available to the office to do so. |
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109 | 107 | | (b) If, as authorized by Subsection (a) of this section, the |
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110 | 108 | | Texas Economic Development and Tourism Office does not implement |
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111 | 109 | | the mandatory provision in a state fiscal year, the office, in its |
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112 | 110 | | legislative budget request for the next state fiscal biennium, |
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113 | 111 | | shall certify that fact to the Legislative Budget Board and include |
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114 | 112 | | a written estimate of the costs of implementing the provision in |
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115 | 113 | | each year of that next state fiscal biennium. |
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116 | 114 | | SECTION 4. This Act takes effect September 1, 2025. |
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