Amend Floor Amendment No. 64 to CSHB 7 by adding an additional
SECTION as follows:
SECTION ____. Section 489.213, Government Code, as added by
S.B. 275 of the 78th Regular Session is amended by amending
Subsections (b) and (e) and adding Subsection (h) to read as
follows:
(b) In determining eligible products and [small]
businesses, the bank shall give special preference to products or
businesses in the areas of semiconductors, nanotechnology,
biotechnology, and biomedicine that have the greatest likelihood of
commercial success, job creation, and job retention in this state.
The bank shall give further preference to providing financing to
projects or businesses that are:
(1) grantees under the small business innovation
research program established under 15 U.S.C. Section 638, as
amended;
(2) companies formed in this state to commercialize
research funded at least in part with state funds;
(3) applicants that have acquired other sources of
financing;
(4) companies formed in this state and receiving
assistance from designated state small business development
centers; or
(5) applicants who are residents of this state doing
business in this state and performing financed activities
predominantly in this state.
(e) The board may appoint an advisory committee of experts
in the areas of semiconductors, nanotechnology, biotechnology, and
biomedicine to review projects and businesses seeking financing
from the bank.
(h) Any business in this state may be eligible for funding
through the small business incubator fund if it is determined to
have a substantial likelihood of developing and expanding the
opportunities for small businesses in the semiconductor, nanotech,
biotech, or biomedicine industries in Texas.