Amendment #27 to H3862

MassTech Scientific and Technology Research and Development Matching Grant Fund

Mr. Vargas of Haverhill moves to amend the bill by adding the following section:

SECTION XXXX. Section 4G of chapter 40J of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by adding the following subsection:-

(c) Notwithstanding the requirements of subsections (a) and (b), the fund may be used to support technology and innovation ecosystems through grants or loans for facilities that foster innovation, demonstration, research and product development in emerging technologies and systems of strategic importance to the commonwealth, including but not limited to artificial intelligence, robotics, quantum computing, advanced manufacturing, cyber security, financial technology, blockchain and marine technologies. Grants may be made to public entities, public or private universities, and private business entities; provided, however, that private universities and business entities shall be eligible for assistance from the fund only when the corporation has made a finding that a grant to such entity will result in a significant public benefit and the private benefit is incidental to a legitimate public purpose. Capital assets acquired with grant funds may be privately owned or leased to a private entity when necessary to achieve the public purpose of the grant.

Additional co-sponsor(s) added to Amendment #27 to H3862

MassTech Scientific and Technology Research and Development Matching Grant Fund