Texas SB2828 creates science park districts in certain counties to promote scientific research, technological innovation, and economic development.

Texas SB2828 establishes science park districts in counties with a population of 800,000 or more, or adjacent to such counties. These districts aim to promote scientific research, technological innovation, and economic development. They can impose assessments, fees, and taxes, but cannot exercise eminent domain. Districts must have access to reliable electric generation, sustainable water sources, and major transportation networks. The districts can issue bonds and impose ad valorem taxes with voter approval.

Texas SB2828 creates science park districts in certain counties to promote scientific research, technological innovation, and economic development.

Texas SB2828 establishes science park districts in counties with a population of 800,000 or more, or adjacent to such counties. These districts aim to promote scientific research, technological innovation, and economic development. They can impose assessments, fees, and taxes, but cannot exercise eminent domain. Districts must have access to reliable electric generation, sustainable water sources, and major transportation networks. The districts can issue bonds and impose ad valorem taxes with voter approval.