Establishes the Texas Future Fund to invest in frontier technologies and diversify the Texas economy.
The bill creates the Texas Future Fund, a separately managed account within the Texas Economic Stabilization Fund, to be administered by the comptroller and managed by the Texas Future Fund Investment Review Board. The fund aims to strengthen Texas' leadership in innovative technologies by investing in frontier technologies, infrastructure critical to national defense, and other innovative technologies. The board, composed of nine members appointed by the governor, lieutenant governor, speaker of the house, and comptroller, oversees the fund's investments.
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