H.B. No. 112 proposes the creation of Texas Science Park Districts in counties with populations of 800,000 or more, or adjacent to such counties, by introducing Chapter 398 to the Local Government Code. The bill outlines the districts' objectives, which include enhancing the domestic supply chain, promoting scientific research and technological innovation, and fostering collaboration between educational institutions and the science and technology industry. It emphasizes that these districts will not serve as agents for private interests, even though they may provide benefits to them. The bill also details the process for establishing a district, which involves a petition to the Texas Economic Development and Tourism Office and the formation of a temporary board of directors to oversee initial operations.

Additionally, the bill establishes the Texas Science Park Commission within the Texas Economic Development and Tourism Office, tasked with developing a comprehensive operational plan for the districts, identifying infrastructure needs, and potential funding sources. The commission will consist of seven members appointed by the governor and will recommend legislative measures to enhance economic development incentives. The commission is set to be abolished on September 1, 2027, and the bill will take effect on September 1, 2025. The legislation also grants districts various powers, including the ability to operate education and training programs, facilitate internships, and prioritize the development of state-of-the-art facilities while ensuring minimal environmental impact and addressing national security concerns.

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