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SB 1730: Technology Seed Capital Fund

GENERAL BILL by Altman

Technology Seed Capital Fund; Provides for the creation of the Technology Seed Capital Fund by the Institute for the Commercialization of Public Research. Provides for the creation of a fund management committee by the board of directors of the institute. Specifies responsibilities of the institute and the fund management committee with respect to the fund. Requires that proposed investments be matched by the private sector before the fund invests. Requires that the company be domiciled in the state and operate in one of the targeted industry clusters, etc. APPROPRIATION: $25,000,000.00

Effective Date: 7/1/2011
Last Action: 5/7/2011 Senate - Died in Commerce and Tourism
Location: In committee/council (CM)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Budget (BC)



Bill History

Date Chamber Action
3/4/2011 Senate • Filed
3/10/2011 Senate • Referred to Commerce and Tourism; Budget -SJ 196
• Introduced -SJ 195
5/7/2011 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Commerce and Tourism