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House Bill 5174 |
House Author: Bonnen et al. |
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Effective: 6-9-23 |
Senate Sponsor: Huffman et al. |
House Bill 5174 amends the Government Code to establish the Texas Semiconductor Innovation Consortium as an advisory panel to the governor and the legislature to aid in strategic, long‑term planning for the research, design, and manufacturing of semiconductors in Texas. Among other provisions, the bill also creates the Texas Semiconductor Innovation Fund as a dedicated account within the general revenue fund for the following purposes:
· providing matching funding to state entities for semiconductor manufacturing and design projects;
· awarding grants to business entities with an established presence in Texas to encourage economic development related to semiconductor manufacturing and design; and
· paying for staff support services to facilitate the consortium's work.