Introduced
by
To authorize the establishment of a state “life sciences authority” that would be empowered to borrow up to $50 million and invest it in research companies and other entities that develop, market, or commercialize life science products. Loans would be repaid from revenue generated by these activities, and would not be a general obligation of the state. The bill appropriates $100,000 to start the authority.
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Commerce
