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 support for technology companies, while also promoting commercial and workforce development. The districts will operate independently of private interests, although they may provide benefits to both public and private entities. To create a district, owners of at least 1,000 contiguous acres can petition the Texas Economic Development and Tourism Office, which will evaluate the petition. Upon approval, a temporary board of directors will be appointed to manage initial operations and develop a strategic plan.

The bill includes provisions for enhancing the operational framework of the districts, allowing them to accept gifts and grants from various sources, and mandates the prioritization of research and development centers, technology incubators, and advanced manufacturing facilities. It also outlines the eligibility of district areas for tax increment reinvestment zones and establishes procedures for imposing ad valorem taxes, requiring voter approval for such measures. Additionally, the bill emphasizes accountability through annual reports and public meetings, while explicitly prohibiting the exercise of eminent domain by the districts to protect property rights. The provisions of this bill are set to take effect on September 1, 2025.

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