Sept. 23, 2011(Key vote)
Title: Incentives for Science-Based Businesses
Vote Smart's Synopsis:
Vote to pass a bill that establishes a fund to provide grants for technology-related businesses.
- Authorizes the use of up to 80 percent of the fund for the construction of research facilities at public and private non-profit institutions (Sec. A).
- Authorizes the appropriation of at least 20 percent and up to 50 percent of the fund for grants to public and private non-profit institutions pursuing life science technology research, and that of this money, 20 percent must be spent on grants funding research regarding tobacco-related illnesses (Sec. A).
- Establishes the "Missouri Technology Corporation" as a non-profit to administer the fund (Sec. A).
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE