Bill Text: TX HB2866 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the establishment and operation of the technology business incubator program.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-25 - Referred to Economic & Small Business Development [HB2866 Detail]
Download: Texas-2013-HB2866-Introduced.html
| 83R8742 DDT-D | ||
| By: Carter | H.B. No. 2866 | |
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| relating to the establishment and operation of the technology | ||
| business incubator program. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 489, Government Code, is amended by | ||
| adding Subchapter E to read as follows: | ||
| SUBCHAPTER E. TECHNOLOGY BUSINESS INCUBATOR PROGRAM | ||
| Sec. 489.251. DEFINITIONS. In this subchapter: | ||
| (1) "Board" means the Product Development and Small | ||
| Business Incubator Board established under Subchapter D. | ||
| (2) "Program" means the technology business incubator | ||
| program. | ||
| (3) "Small technology business" means a business that | ||
| primarily provides technology-related goods or services and | ||
| generated less than $1 million in gross annual revenue during the | ||
| preceding year. | ||
| Sec. 489.252. TECHNOLOGY BUSINESS INCUBATOR PROGRAM. The | ||
| technology business incubator program is established to provide | ||
| selected small technology businesses with appropriate rental space | ||
| and leases, shared office services and equipment, technology | ||
| support services, and financial assistance to ensure the continued | ||
| economic growth of this state. | ||
| Sec. 489.253. BOARD OVERSIGHT. The board shall oversee the | ||
| administration and operation of the program. | ||
| Sec. 489.254. FUNDING. The board may use money from the | ||
| Texas product development fund or the Texas small business | ||
| incubator fund to operate the program, as appropriate. | ||
| Sec. 489.255. SELECTION. A small technology business may | ||
| apply to the board for acceptance into the program. A small | ||
| technology business that participates in the program must agree to | ||
| continue to do business in this state while the business is | ||
| participating in the program. | ||
| SECTION 2. As soon as practicable after the effective date | ||
| of this Act but not later than January 1, 2014, the Texas Economic | ||
| Development and Tourism Office shall adopt rules to implement the | ||
| technology business incubator program established under Subchapter | ||
| E, Chapter 489, Government Code, as added by this Act. | ||
| SECTION 3. This Act takes effect September 1, 2013. | ||
