Loading chat...
TX SB2828
Bill
Status
3/14/2025
Primary Sponsor
Tan Parker
Click for details
AI Summary
-
Authorizes creation of science park districts in counties with 800,000+ population or adjacent counties, requiring a minimum of 1,000 contiguous acres with access to reliable power, sustainable water, and major transportation networks
-
Establishes a 9-member board of directors, with temporary directors initially appointed by the governor (3), lieutenant governor (3), and speaker of the house (3), later replaced by elected directors serving staggered two-year terms
-
Grants districts powers to promote scientific research, technological innovation, and workforce development, including operating education programs with universities, facilitating internships, and collaborating with domestic and international corporations (excluding companies from countries designated as "countries of particular concern")
-
Allows districts to impose ad valorem taxes and assessments if approved by majority voter election, issue bonds for projects, and participate in tax increment reinvestment zones or tax abatement zones
-
Prohibits districts from exercising eminent domain power and requires annual reporting to the governor, comptroller, and legislature on activities, expenditures, and progress, plus quarterly public meetings for community input
Legislative Description
Relating to the creation and operation of a science park district in certain counties that may impose assessments, fees, and taxes.
Property Interests
Last Action
Referred to Economic Development
4/7/2025