Introduced Version






HOUSE BILL No. 1717

_____


DIGEST OF INTRODUCED BILL



Citations Affected: IC 4-4-5.1-12.

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.





Espich




    January 17, 2001, read first time and referred to Committee on Ways and Means.







Introduced

First Regular Session 112th General Assembly (2001)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2000 General Assembly.

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. -->     SECTION 1. IC 4-4-5.1-12 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 campus.
            (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 telecommunications infrastructure.
        (4) Define the minimum support services, both technical and financial, that must be provided by the regional technology centers.
        (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 businesses.
        (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 technology centers.
    (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 facilities; and
        (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 exhausted.

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 IC 4-4-5.1-12 , 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 IC 4-4-5.1-12 , 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 centers.

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 include:
        (1) a list of locations for technology assistance offices;
        (2) a description of the geographic region served by each

office;
        (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 office.
    (c) This SECTION expires July 1, 2002.

SOURCE: ; (01)IN1717.1.4. -->     SECTION 4. An emergency is declared for this act.