PRINTER'S NO. 303
THE GENERAL ASSEMBLY OF PENNSYLVANIA
INTRODUCED BY FARNESE, FERLO, FONTANA, BREWSTER, STACK, WILLIAMS, HUGHES, TARTAGLIONE, COSTA AND BOSCOLA, FEBRUARY 1, 2013
REFERRED TO ENVIRONMENTAL RESOURCES AND ENERGY, FEBRUARY 1, 2013
1Transferring funds from the Oil and Gas Lease Fund to the Ben
2Franklin Technology Development Authority Fund for
3investments in Pennsylvania-related companies that promote
4the development of next-generation infrastructure
5technologies or technology-related investments to support
6development of life science, information technology or green
10Section 1. Short title.
13Section 2. Definitions.
1Franklin Technology Development Authority Act.
2"Next-generation infrastructure technology." Technologies
3applicable to directly improving the characteristics, longevity
4and performance of infrastructure and those that help monitor,
5detect, inspect and evaluate the state of infrastructure. The
6term shall include technologies relating to:
7(1) Traffic monitoring and flow control technologies.
16(6) Tracking technologies.
17(7) Geospatial information technologies.
18(8) Power grid monitoring software and hardware.
19(9) Security applications.
25Section 3. Ben Franklin Technology Development Authority Fund.
26(a) Transfer.--For fiscal years 2013-2014, 2014-2015 and
272015-2016, the sum of $8,000,000 per year shall be transferred
28from the Oil and Gas Lease Fund to the Ben Franklin Technology
29Development Authority Fund for use by the authority under
30subsection (b). Funds transferred under this subsection shall be
1distributed equally among the Ben Franklin Technology Partners.
2(b) Use.--Funds transferred under subsection (a) shall be
3transferred to the Ben Franklin Technology Partners for
4investments in Pennsylvania-related companies that promote the
5development of next-generation infrastructure technologies or
6technology-related investments to support development of life
7science, information technology or green energy industries.
8(c) Guidelines.--Funds allocated to businesses under
9subsection (b) shall be used in accordance with guidelines
10developed by the Board of Directors of the Ben Franklin
11Technology Development Authority Board. The guidelines shall
12seek to ensure that minority-owned, women-owned and other
13disadvantaged businesses have the opportunity to substantially
14participate in funding activities undertaken pursuant to this
15section. The guidelines shall be posted on the authority's
16official Internet website.
23Section 4. Annual report.
24By April 1 of each year, the authority shall provide an
25annual report to the chairman and minority chairman of the
26Appropriations Committee of the Senate and the chairman and
27minority chairman of the Appropriations Committee of the House
28of Representatives. The report shall be posted and maintained on
29its official Internet website. The report shall include a list
30of all funds allocated under section 3(b), the recipients of the
4Section 10. Effective date.
5This act shall take effect in 60 days.