Enrolled Bill Summary

Senate Bill 1040 amends the Education Code to require the Texas Higher Education Coordinating Board to designate a public college or university to conduct a continuing study of higher education programs and efforts addressing small business needs for research, development, and prototyping. The act requires the institution conducting the study to make recommendations on actions that may be taken to address those needs in the most cost-effective manner, including recommendations for college or university partnerships, ventures, or projects to promote technology transfer to and commercialization by small businesses.