SB683 (2020) Detail

(New Title) establishing a committee to study how to strengthen New Hampshire’s innovation economy by addressing gaps in early stage capital for research and development intensive start-up companies.


SB 683-FN - AS AMENDED BY THE SENATE

 

03/12/2020   1048s

03/12/2020   1203s

 

2020 SESSION

20-3006

05/04

 

SENATE BILL 683-FN

 

AN ACT establishing a committee to study how to strengthen New Hampshire’s innovation economy by addressing gaps in early stage capital for research and development intensive start-up companies.

 

SPONSORS: Sen. Fuller Clark, Dist 21; Rep. Lovejoy, Rock. 36

 

COMMITTEE: Education and Workforce Development

 

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AMENDED ANALYSIS

 

This bill establishes a committee to study how to strengthen New Hampshire’s innovation economy by addressing gaps in early stage capital for research and development intensive start-up companies.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/12/2020   1048s

03/12/2020   1203s 20-3006

05/04

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty

 

AN ACT establishing a committee to study how to strengthen New Hampshire’s innovation economy by addressing gaps in early stage capital for research and development intensive start-up companies.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  Committee Established.  There is established a committee to study how to strengthen New Hampshire’s innovation economy by addressing gaps in early stage capital for research and development intensive start-up companies.

2  Membership and Compensation.

I.  The members of the committee shall be as follows:

(a)  One member of the senate, appointed by the president of the senate.

(b)  Three members of the house of representatives, appointed by the speaker of the house of representatives.

II.  Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

3  Duties.  

I.  The committee shall research the following:

(a)  The amount of federal research funds coming to New Hampshire.

(b)  The number of research and development intensive businesses that start up and stay in New Hampshire.

(c)  How New Hampshire is currently supporting research and development start-up business development.

(d)  How other states address the need for early stage capital for research and development intensive start-ups.

(e)  The return on investment for states with programs to address this need.

(f)  The current perception of New Hampshire as a place to grow a research and development intensive business.

(g)  Why supporting research and development start-ups with funding resources, versus only technical assistance, is important for our economy, jobs, business development, increasing federal funding, and attracting and retaining young people in New Hampshire.

(h)  How much funding over what period of time would be necessary to have an impact.

II.  The committee shall:

(a)  Consult with the department of business and economic affairs, the New Hampshire business finance authority, and the New Hampshire Research and Industry Council of the New Hampshire Established Program to Stimulate Competitive Research (NH EPSCoR) relative to the committee's objectives.

(b)  Solicit information and testimony from any individual or entity the committee deems relevant to its study.

4  Chairperson; Quorum.  The members of the study committee shall elect a chairperson from among the members.  The first meeting of the committee shall be called by the senate member.  The first meeting of the committee shall be held within 45 days of the effective date of this section.  Three members of the committee shall constitute a quorum.

5  Report.  The committee shall report its findings and any recommendations for proposed legislation to the president of the senate, the speaker of the house of representatives, the senate clerk, the house clerk, the governor, and the state library on or before November 1, 2020.

6  Effective Date.  This act shall take effect upon its passage.

LBAO

20-3006

Amended 3/23/20

 

SB 683-FN- FISCAL NOTE

AS AMENDED BY THE SENATE (AMENDMENTS #2020-1048s and #2020-1203s)

 

AN ACT establishing a committee to study how to strengthen New Hampshire’s innovation economy by addressing gaps in early stage capital for research and development intensive start-up companies.

 

FISCAL IMPACT:      [    ] State              [    ] County               [    ] Local              [ X ] None

 

 

METHODOLOGY:

This bill establishes a committee to study how to strengthen New Hampshire's innovation economy by addressing gaps in early stage capital for research and development intensive start-up companies.  The Office of Legislative Budget Assistant states this bill has no fiscal impact on state, county and local expenditures or revenue.

 

AGENCIES CONTACTED:

None

 

Links

SB683 at GenCourtMobile
SB683 Discussion

Action Dates

Date Body Type
Jan. 28, 2020 Senate Hearing
March 12, 2020 Senate Floor Vote
March 11, 2020 Senate Floor Vote
March 11, 2020 Senate Floor Vote

Bill Text Revisions

SB683 Revision: 8339 Date: March 24, 2020, 7:16 a.m.
SB683 Revision: 8000 Date: Jan. 14, 2020, 3:04 p.m.

Docket


June 16, 2020: No Pending Motion; 06/16/2020 SJ 8


June 16, 2020: Vacated from Committee and Laid on Table, MA, VV; 06/16/2020 SJ 8


March 12, 2020: Ought to Pass with Amendments 2020-1048s, and 2020-1203s, MA, VV; Refer to Finance Rule 4-5; 03/12/2020; SJ 7


March 12, 2020: Sen. Dietsch Floor Amendment # 2020-1203s, AA, VV; 03/12/2020; SJ 7


March 12, 2020: Committee Amendment # 2020-1048s, AA, VV; 03/12/2020; SJ 7


March 12, 2020: Special Order to 03/12/2020, Without Objection, MA; 03/11/2020 SJ 6


March 11, 2020: Committee Report: Ought to Pass with Amendment # 2020-1048s, 03/11/2020; SC 10


March 12, 2020: Committee Report: Ought to Pass with Amendment # 2020-1048s, 03/12/2020; SC 10


Jan. 28, 2020: Hearing: 01/28/2020, Room 103, LOB, 11:00 am; SC 4


Jan. 8, 2020: Introduced 01/08/2020 and Referred to Education and Workforce Development; SJ 2