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Appropriators debate $300,000 start for advanced technology grant program; committee delays action
Summary
Senators discussed House Bill 1448, a proposal to create an advanced technology grant program and oversight committee. The committee considered a $300,000 placeholder appropriation, debated whether grants or loans better fit startups’ needs, and postponed action for further discussion.
The Appropriations - Education and Environment Division discussed House Bill 1448, which would create an advanced technology grant program to support emerging technology startups and establish an oversight committee. Committee members debated initial funding levels and whether the program should be a grant or a loan vehicle and agreed to postpone action until the next meeting.
A senator identified in the record as Senator Bart, who introduced the measure in committee, said the bill aims to support cutting‑edge work in fields such as artificial intelligence,…
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