Amend CSHB 2425 by striking "and P," from Section 116(4) and 
adding the following new appropriately designated sections to the 
bill:
	SECTION ____:  Section 403.401, Government Code is amended 
to read as follows:
(4)  "Office" means the office of the comptroller 
governor.
	SECTION ____:  Section 403.403, Government Code, is amended 
to read as follows:
	(d)  The governor shall designate comptroller is the 
presiding officer of the board to serve in that capacity at the 
pleasure of the governor.
	SECTION ____:  Section 403.406, Government Code, is amended 
to read as follows:
	(a)  The board shall hold regular meetings in Austin and 
other meetings at places and times scheduled by the board in formal 
sessions and called by the governor comptroller.
	SECTION ____:  Section 403.413, Government Code, is amended 
to read as follows:
	(b)  In determining eligible products and small businesses, 
the board shall give special preference to products or businesses 
in the areas of semiconductors, nanotechnology, biotechnology and 
biomedicine that have the greatest likelihood of commercial 
success, job creation, and job retention in this state.
	(e)  The board may appoint an advisory committee of experts 
in the areas of semiconductors, nanotechnology, biotechnology and 
biomedicine to review projects and businesses seeking financing 
from the board.
	(h)  Any business in this state may be eligible for funding 
through the small business incubator fund if it is determined to 
have a substantial likelihood of developing and expanding the 
opportunities for small businesses in the semiconductor, nanotech, 
biotech or biomedicine industries in Texas.
	SECTION ____:  Section 403.408 Government Code, Subsection 
403.403(f) Government Code and Subsection 403.413(f) Government 
Code are repealed.
	SECTION ____:  Proceeds from bonds issued pursuant to 
V.T.C.A., Government Code Section 403.410 and deposited in the 
Product Development Fund are hereby appropriated to the Office of 
the Governor to be used only for purposes specified in V.T.C.A., 
Government Code Subchapter P:  Product Development and Small 
Business Incubators and Section 71, Article XVI, Texas 
Constitution.  All funds deposited in the Product Development Fund 
for debt service payments pursuant to contractual agreements 
between the Board and eligible entities receiving awards from the 
fund are hereby appropriated.