Bill > HB2466

This bill establishes the Texas Technology and Innovation Program, which is administered by the Texas Economic Development and Tourism Office. The program aims to foster job creation and economic development in the state by matching or supplementing money received by eligible business entities through the federal Small Business Innovation Research and Small Business Technology Transfer programs. The bill outlines the eligibility requirements, application process, award limitations, and funding sources for the program, including the creation of a dedicated trust fund. The bill also requires the office to adopt rules to implement the program and provides for certain limitations on the office's implementation if specific funding is not appropriated.