HOUSE BILL No. 1717
DIGEST OF INTRODUCED BILL
Synopsis: Research and technology funding. Establishes the university
partnership for strategic assistance to research and technology fund.
Requires the Indiana twenty-first century research and technology fund
board to review proposals for establishing regional technology centers.
Transfers $24,000,000 from the lottery and gaming surplus account to
the university partnership for strategic assistance to research and
technology fund. Appropriates this money to the budget agency to pay
operating and capital costs of establishing regional technology centers
through June 30, 2005. Appropriates an additional $1,500,000 from the
state general fund for the Purdue technology assistance program in
state fiscal year 2001-2002.
Effective: Upon passage; July 1, 2001.
January 17, 2001, read first time and referred to Committee on Ways and Means.
First Regular Session 112th General Assembly (2001)
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HOUSE BILL No. 1717
A BILL FOR AN ACT to amend the Indiana Code concerning state
offices and administration and to make an appropriation.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 4-4-5.1-12; (01)IN1717.1.1. -->
IS ADDED TO THE INDIANA CODE
AS A NEW
SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2001]: Sec. 12. (a) In addition to the other duties of the Indiana
twenty-first century research and technology fund board under
this chapter, the board shall do the following:
(1) Review, prioritize, and approve or disapprove proposals
for regional technology centers.
(2) Create detailed application procedures and selection
criteria for carrying out this section. These criteria may
include the following:
(A) Geographical proximity to the affiliated university
(B) Local contributions.
(C) Commitments to investing in Indiana based private
equity funds by the affiliated university, a community
foundation, or other local entity.
(3) Establish minimum standards and features for the
physical facilities of a regional technology center, including
(4) Define the minimum support services, both technical and
financial, that must be provided by the regional technology
(5) Establish guidelines for selecting entities that may
participate in regional technology centers.
(6) Recommend to the budget agency, for review by the
budget committee, the funds to be released for each regional
technology center approved.
(7) Develop performance measures and reporting
requirements for the regional technology centers.
(8) Monitor the effectiveness of each regional technology
center and report its findings to the governor before October
1 of each even-numbered year.
(b) The board may approve a regional technology center only if
the center establishes to the satisfaction of the board that it will
meet the following qualifications:
(1) Nurture the development and expansion of high
technology ventures with the potential to become high growth
(2) Increase high technology employment in Indiana.
(3) Stimulate the flow of new venture capital necessary to
support the growth of high technology businesses in Indiana.
(4) Expand workforce education and training for high skilled,
high technology jobs.
(5) Affiliate with an Indiana public or private university and
be located in close proximity to a campus.
(6) Be a party to a written agreement among:
(A) the affiliated university;
(B) the county, town, or city with direct jurisdiction over
the proposed center;
(C) the state of Indiana; and
(D) any other affiliated entities;
that outlines the responsibilities of each party.
(7) Receive a commitment by the affiliated university to invest
in Indiana based private equity funds.
(8) Provide a debt free physical structure designed to
accommodate research and technology ventures.
(9) Provide support services, including business planning,
management recruitment, legal services, securing seed capital,
marketing, and mentor identification.
(10) Receive a commitment of local resources at least equal to
the money provided for the physical facilities from the
university partnership for strategic assistance to research and
technology fund established by subsection (e).
(c) The board may not approve more than six (6) regional
(d) An approved regional technology center must establish a
local advisory board. The advisory board shall establish operating
policies and select entities to locate in the center in accordance with
the selection guidelines established by the board. The local
advisory board must include an appointee of:
(1) the highest ranking county, town, or city official with
direct jurisdiction over the center; and
(2) the president of the affiliated university.
The size, composition, and rules of the local advisory board are at
the discretion of the applicants. However, the local advisory board
must be approved by the Indiana twenty-first century research and
technology fund board before it is established.
(e) The university partnership for strategic assistance to
research and technology fund is established. The fund shall be
administered by the treasurer of state. The treasurer of state shall
invest the money in the fund not currently needed to meet the
obligations of the fund in the same manner as other public money
may be invested. Interest that accrues from these investments shall
be deposited in the fund. Money in the fund at the end of a state
fiscal year does not revert to the state general fund.
(f) If a regional technology center is approved by the board, the
budget agency may allot from available appropriations from the
university partnership for strategic assistance to research and
technology fund the money needed to:
(1) subsidize construction or rehabilitation of the physical
(2) cover operating costs, until the center is either
self-sustaining, has identified another source of operating
money, or the amount appropriated for this purpose is
SOURCE: ; (01)IN1717.1.2. -->
SECTION 2. [EFFECTIVE JULY 1, 2001] (a) On the first
business day in July 2001, the treasurer of state shall transfer
twenty-four million dollars ($24,000,000) from the lottery and
gaming surplus account (IC 4-30-17-3.5) to the university
partnership for strategic assistance to research and technology
fund established by IC 4-4-5.1-12, as added by this act.
(b) There is appropriated to the budget agency twenty-four
million dollars ($24,000,000) from the university partnership for
strategic assistance to research and technology fund. The
appropriation is to be used to carry out the purposes of
, as added by this act, after review by the budget
committee, for the period beginning July 1, 2001, and ending June
30, 2005, subject to the following:
(1) Not more than five million dollars ($5,000,000) may be
allotted for temporary operating costs subsidies to new
regional technology centers.
(2) A single regional technology center may not receive more
than one million two hundred fifty thousand dollars
($1,250,000) in temporary operating subsidies.
(3) A single regional technology center may not receive more
than three million dollars ($3,000,000) to subsidize
construction or rehabilitation of physical facilities.
(4) Not more than three million dollars ($3,000,000) may be
allotted for the expansion of the Purdue Technology Center at
the Purdue Research Park.
(5) Not more than two hundred fifty thousand dollars
($250,000) may be used by the twenty-first century research
and technology fund board to carry out its duties under
, as added by this act.
(6) Not more than one million dollars ($1,000,000) may be
allotted for the expansion of the gateway support services
program at Purdue Technology Center to provide training
and technical support to newly created regional technology
SOURCE: ; (01)IN1717.1.3. -->
SECTION 3. [EFFECTIVE UPON PASSAGE] (a) There is
appropriated from the state general fund to Purdue University, one
million five hundred thousand dollars ($1,500,000) for the
expansion of the Purdue University technology assistance program
that provides university based business assistance. This
appropriation is for the state fiscal year beginning July 1, 2001,
and ending June 30, 2002, and is in addition to any other
appropriation made to Purdue University for this program.
(b) Purdue University shall present a report to the budget
committee before June 30, 2001, with details on the planned
expansion of the technical assistance program. This report must
(1) a list of locations for technology assistance offices;
(2) a description of the geographic region served by each
(3) evidence that all areas of the state will be effectively served
by the expanded program;
(4) a description of the services that will be offered;
(5) the number of personnel at each office and the
compensation for each position; and
(6) a breakdown of the operating and overhead costs for each
(c) This SECTION expires July 1, 2002.
SOURCE: ; (01)IN1717.1.4. -->
SECTION 4. An emergency is declared for this act.