(11 members)

1380 § 6 Study potential uses of legacy fund earnings, including the use of earnings to provide tax relief, research and technological advancements, innovation, economic growth and diversification, and workforce development. The committee may consider input from representatives of economic development entities, agricultural organizations, research entities, the Innovation Loan Fund to Support Technology Advancement Committee, workforce development entities, higher education institutions, and the Parks and Recreation Department. As part of the study, the committee shall consider the establishment of a statutory committee to award grants for university research programs and workforce enrichment initiatives; define the use of university research, innovation, and workforce enrichment funding that may include efforts to stimulate economic activity across the state through innovation of new technology, concepts, and products; to promote job creation and career and wage growth; to enhance health care outcomes; and to provide experiential learning opportunities for students; and develop reporting requirements for entities receiving funds from the clean sustainable energy fund and from grants awarded for university research, innovation, and workforce enrichment initiatives.