The bill proposes the establishment of science park districts in Texas counties with populations of 800,000 or more, or those adjacent to such counties, by introducing Chapter 398 to the Local Government Code. The primary objectives of these districts are to foster scientific research, technological innovation, and collaboration between educational institutions and the technology industry, while also supporting commercial and workforce development. The districts will be governed by a nine-member board of directors, which will oversee operations, develop strategic plans, and approve projects. They will have the authority to impose assessments, fees, and taxes to fund their activities, and will not act as agents for private interests.

To create a science park district, landowners of at least 1,000 contiguous acres must petition the Texas Economic Development and Tourism Office, which will evaluate the petition's compliance with the established requirements. The bill includes provisions for the development of advanced facilities, the acceptance of financial contributions from various sources, and the prioritization of environmentally responsible practices. It also outlines eligibility for tax increment reinvestment zones and tax abatement reinvestment zones, establishes procedures for ad valorem taxes with voter approval, and mandates accountability through annual reporting and public meetings. Importantly, the bill prohibits the district from exercising eminent domain. The provisions are set to take effect on September 1, 2025.

Statutes affected:
Introduced: ()