Science Park Administration Act of 2005
Latest action · Jul 29, 2005 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9500-9505)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 29, 2005
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Science Park Administration Act of 2005 - Amends the Stevenson-Wydler Technology Innovation Act of 1980 to direct the Secretary of Commerce to: (1) award grants for the development of feasibility studies and plans for the construction of new or expansion of existing science parks; (2) make grants to six regional centers for the development of existing science park infrastructure; (3) guarantee up to 80% of the loan amount for loans exceeding $10 million projects for the construction of such infrastructure; and (4) enter into an agreement with the National Academy of Sciences to tri-annually evaluate such development.
Amends the Small Business Investment Act of 1958 (SBIA) to establish a Science Park Venture Capital Program. Sets forth eligibility requirements for science park venture capital companies to participate in the Program. Authorizes: (1) guaranteeing payment of principal and interest on the debentures of such companies; (2) the issuance of trust certificates and the guarantee of such certificates; and (3) grants to provide operational assistance. Requires reports.
Permits banks to invest in any: (1) science park venture capital company; or (2) entity established to invest solely in such companies.
Applies the SBIA provisions relating to New Market Venture Capital companies to science park venture capital companies.
Amends the Internal Revenue Code to: (1) permit the expensing of certain investments in science parks; and (2) allow the credit for increasing research activities with respect to such parks.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Jul 29, 2005 to Dec 19, 2005, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-KY | Jim Bunning | Original | Jul 29, 2005 |
| D-ND | Byron L. Dorgan | Sep 20, 2005 | |
| D-MI | Debbie Stabenow | Dec 19, 2005 |
Actions 3
Everything that happened, newest first.
- Jul 29, 2005Introduced in Senate
- Jul 29, 2005Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9500-9505)
- Jul 29, 2005Sponsor introductory remarks on measure. (CR S9500)
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Administrative fees
- Auditing
- Bankruptcy
- Bonds
- Capital investments
- Collection of accounts
- Colleges
- Commerce
- Congress
- Congressional reporting requirements
- Construction costs
- Corporate finance
- Depreciation and amortization
- Economics and Public Finance
- Education
- Federally-guaranteed loans
- Fees
- Finance and Financial Sector
- Government Operations and Politics
- Government paperwork
- Government publicity
- Government securities
- Governmental investigations
- High technology
- Higher education
- Income tax
- Industrial parks
- Industry-university relations
- Infrastructure
- Infrastructure (Economics)
- Job creation
- Labor and Employment
- Law
- Licenses
- Loans
- Losses
- Real estate development
- Research and development tax credit
- Research centers
- Revolving funds
- Science, Technology, Communications
- Small business
- Subsidies
- Surety and fidelity
- Tax deductions
- Taxation
- Technological innovations
- Technology transfer
- Trade associations
- Transportation and Public Works
- Trusts and trustees
- Venture capital
Text 1
Each version as it was printed, newest first.
- Jul 29, 2005Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.