Relating to the establishment and administration of the Texas Quantum Initiative.

Contracts

If your organization intends to pursue these funds, you must prepare Master Research Agreements (MRAs) immediately.

• Public-Private Partnerships (P3s): The fund prioritizes state entities (universities). Commercial access to these funds will require joint ventures with institutions like UT or Texas A&M.
• IP Protection: The statute is silent on intellectual property ownership. You must draft pre-emptive IP agreements for state-funded collaborations to ensure your proprietary technology is not absorbed by the university partner or the State.

Hiring/Training

• Government Relations: Assign senior leadership to lobby for a seat on the Texas Quantum Initiative Advisory Committee. The Governor, Lt. Governor, and Speaker have appointment power; securing a seat ensures your industry sector is included in the funding scope.
• Grant Management: Finance teams must be trained on state grant compliance, specifically regarding "matching fund" verification.

Reporting & Record-Keeping

• Segregated Accounting: To qualify for matching grants (Section 481.688), you must establish segregated accounting codes to verify private capital matches.
• Commercialization Roadmaps: R&D documentation must shift from theoretical outcomes to "commercial utility." The Strategic Plan requires proof of practical application; your internal reporting must reflect this to be competitive.

Fees & Costs

• No New Fees: There are no new statutory fees or taxes associated with this bill.
• Cost of Participation: Participation requires a capital match (amount to be determined by rulemaking).