legislation: 108-s-2737

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
108-s-2737 108 s 2737 Science Park Administration Act of 2004 Commerce 2004-07-22 2004-07-22 Read twice and referred to the Committee on Finance. Senate Sen. Bingaman, Jeff [D-NM] NM D B000468 0 Science Park Administration Act of 2004 - Amends the Stevenson-Wydler Technology Innovation Act of 1980 to direct the Secretary of Commerce to: (1) award grants and enter into cooperative agreements for the development of plans for the construction of science parks; (2) make grants to six regional centers for the development of science park infrastructure through the operation of revolving loan funds by such centers; (3) guarantee loans for projects for the construction of such infrastructure; and (4) enter into an agreement with the National Academy of Sciences under which the Academy shall evaluate annually the development of such parks. Amends the Small Business Investment Act of 1958 to establish a Science Park Venture Capital Fund Pilot Program. Permits banks to invest in any: (1) science park venture capital company; or (2) entity established to invest solely in such companies. Applies the 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 certain credits with respect to such parks. 2023-01-14T22:48:26Z  

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