By Bernsen                                             S.B. No. 550
         77R4773 ATP-F                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the creation of a life science task force.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1. (a)  Not later than October 1, 2001, the governor
 1-5     shall appoint 21 persons to serve on a life science task force.
 1-6           (b)  The life science task force consists of:
 1-7                 (1)  three senators and three members of the house of
 1-8     representatives;
 1-9                 (2)  six  persons from the private sector with
1-10     significant business leadership experience in the life sciences,
1-11     whose collective expertise includes expertise in the following
1-12     areas:
1-13                       (A)  agricultural biotechnology;
1-14                       (B)  environmental biotechnology;
1-15                       (C)  pharmaceuticals;
1-16                       (D)  medical devices;
1-17                       (E)  genomics;
1-18                       (F)  bioinformatics; and
1-19                       (G)  nanotechnology;
1-20                 (3)  two persons experienced and knowledgeable in
1-21     structuring and providing financing for life science products or
1-22     businesses; and
1-23                 (4)  seven persons from institutions of higher
1-24     education who have experience in life science research and the
 2-1     transfer of research results into commercial applications.
 2-2           (c)  The life science task force shall:
 2-3                 (1)  identify barriers to the growth of the life
 2-4     science industry, including barriers relating to the industry
 2-5     workforce, capital formation technology transfer, infrastructure,
 2-6     and consumer access to the products and services of this industry;
 2-7                 (2)  examine regional strategies throughout the state
 2-8     that have been developed to foster the growth of the life science
 2-9     industry and identify opportunities for improved coordination and
2-10     collaboration among the regions;
2-11                 (3)  consider the findings and recommendations of the
2-12     "21st Century Life Science Road Map" report, prepared by the Texas
2-13     Healthcare and Bioscience Institute; and
2-14                 (4)  make recommendations to the legislature on how to
2-15     foster the growth of the life science industry, including
2-16     recommendations on how to:
2-17                       (A)  enable and foster collaboration among
2-18     institutions, regions, and public and private resources;
2-19                       (B)  enhance federal, international, and industry
2-20     funding and resources to support basic research at institutions of
2-21     higher education;
2-22                       (C)  encourage greater commercialization of
2-23     intellectual property within the state;
2-24                       (D)  improve funding resources for early-stage
2-25     commercialization efforts;
2-26                       (E)  attract and sustain a sufficient workforce
2-27     to meet technical, scientific, and managerial needs;
 3-1                       (F)  establish an infrastructure to meet industry
 3-2     needs for research, manufacturing, and testing; and
 3-3                       (G)  maximize consumer and patient access to the
 3-4     products and services of the life science industry.
 3-5           (d)  Not later than January 1, 2003, the life science task
 3-6     force shall submit to the legislature a detailed report of its
 3-7     findings accompanied by recommended solutions to the major issues
 3-8     facing the growth of the life science industry.
 3-9           SECTION 2. This Act expires February 1, 2003.
3-10           SECTION 3.  This Act takes effect immediately if it receives
3-11     a vote of two-thirds of all the members elected to each house, as
3-12     provided by Section 39, Article III, Texas Constitution.  If this
3-13     Act does not receive the vote necessary for immediate effect, this
3-14     Act takes effect September 1, 2001.