Sec. 488.002. PURPOSE; LOCATION. (a) The park shall be operated for the purposes of:
(1) furthering the mission of the coalition members;
(2) economic development of the state, including the production of net revenue to the state and coalition members, from the commercialization of biotechnology research;
(3) recruiting and retaining leading scientists and established biotechnology enterprises; and
(4) supporting the growth and development of new biotechnology enterprises.
(b) The park shall be located in the area of Houston, Texas, known as the Texas Medical Center.
Added by Acts 2001, 77th Leg., ch. 574, Sec. 1, eff. June 11, 2001.
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