1138sc

    On page 4, line 19, of the House Commerce Committee engrossed bill, delete everything after "any" and insert "nonprofit entity recognized as an exempt organization under 501(c)(3) of the United States Internal Revenue Code, as amended and in effect on January 1, 2010, whose substantial purpose is medical research or high technology".

    On page 6, line 20, after "public" insert "or private".

    On page 6, line 21, after "public" insert "or private".

    On page 8, line 7, after "public" insert "or private".

    On page 8, line 10, delete "9" and insert "8".

    On page 8, line 12, delete "body" and insert "or private nonprofit entity".

    On page 8, line 14, delete "section" and insert "Act".

    On page 8, line 14, delete "attributable to" and insert "are attributable to the lesser of the base taxable value or".

    On page 8, line 16, delete "or the base taxable value".

    On page 8, line 16, delete "11" and insert "10".

    On page 8, line 19, delete "16" and insert "15".

    On page 9, line 15, delete "10" and insert "9".

    On page 9, line 16, delete "11" and insert "10".

    On page 9, line 20, delete "considers appropriate" and insert "requires".

    On page 10, line 1, delete "6" and insert "5".

    On page 10, line 4, delete "6" and insert "5".

    On page 11, line 5, delete "10" and insert "9".

    On page 11, line 6, delete "16" and insert "15".

    On page 12, line 14, delete "16" and insert "15".

    On page 13, after line 12, insert:

"    Section 20. The Department of Tourism and State Development shall promulgate rules pursuant

to chapter 1-26 to:

            (1)    Prescribe the application procedures and the form and content of the application and business plan for a certified technology park;

            (2)    Set the minimum criteria for an area to be designated as a certified technology park;

            (3)    Establish certain level of financial and technical support for the certified technology park and the required evidence of public and private partnerships;

            (4)    Establish terms and conditions on how the certified technology park may be operated including the ownership of facilities and buildings;

            (5)    Determine the commitment of postsecondary, private, or federal research and development for the park;

            (6)    Determine the commitment of the local governments and economic development organization to the park; and

            (7)    Require certain documents and reports regarding the operation and activities of the park to be filed with the department.".