By:  Carona                                                       S.B. No. 593


A BILL TO BE ENTITLED

AN ACT

relating to the governor's study of emerging technology and 
economic development.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  (a)  The office of the governor shall conduct a 
study to:        
		(1)  summarize and outline all existing tools and 
programs that are available under law to this state and political 
subdivisions of this state for encouraging economic development and 
emerging technology; and
		(2)  outline the economic development functions and 
responsibilities of this state, members of the finance community, 
university and industry researchers, and others who have an 
interest in encouraging economic growth and opportunity in this 
state.
	(b)  The governor shall report the results of the study 
conducted under Subsection (a) of this section, together with 
recommendations for statutory changes, to the lieutenant governor, 
the speaker of the house of representatives, and the members of the 
80th Legislature not later than December 1, 2006.
	SECTION 2.  This Act expires September 1, 2007.                                
	SECTION 3.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2005.