Bill > HB5092

This bill modifies the legal framework for the Lubbock Reese Redevelopment Authority (LRRA), expanding its purpose and operations with a focus on national security and technology research in collaboration with Texas Tech University. The bill defines new terms like "critical infrastructure" and "national security-related technology", increases the board of directors from five to six members, and adds a requirement that board members have expertise in national security technology. The authority's powers are broadened to include facilitating an applied research site with Texas Tech University, cooperating with federal security agencies, and entering into interagency agreements. The bill also provides a pathway for the eventual dissolution of the authority, with a preference for transferring remaining assets to Texas Tech University. Additionally, the legislation stipulates that any facilities transferred to the university from the LRRA will not be subject to certain facilities inventory audits until they are placed in service. The changes are designed to support the continued development of the former Reese Air Force Base property as a site for research, economic development, and national security-related technology innovation.

Education, Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5092