Science Parks Research and Innovative New Technologies Act - Amends the Stevenson-Wydler Technology Innovation Act of 1980 to direct the Secretary of Commerce to award grants for the development of feasibility studies and plans for the construction of new or the expansion, including renovation and modernization, of existing science parks.
Allows the Secretary to guarantee up to 80% of the loan amount for projects for the construction or the expansion, including renovation and modernization, of such infrastructure.
Directs the Secretary to enter into an agreement with the Board on Science, Technology, and Economic Policy of the National Academy of Sciences (NAS) under which the Board shall: (1) conduct an evaluation of such development under this Act; and (2) review and recommend best practices for the development of U.S. science parks, including metrics for their success.