,,ii #aae? ,,congress #a/ ,session ,s4 #bbeg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #bj1 #bjag ,mr4 ,coons 7= himself & ,mr4 ,graham7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,en]gy & ,natural ,res\rces ,a ,,bill ,to e/abli% ! ,,impact = ,en]gy ,f\ndation4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,increas+ & ,mobiliz+ ,p>tn]%ips to ,a*ieve ,comm]cialization ( ,te*nologies = ,en]gy ,act or ! ,,impact = ,en]gy ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,bo>d ,! t]m ,bo>d means ! ,bo>d ( ,directors = ! ,f\ndation describ$ 9 section #c7;c74 7#b7 ,*air ,! t]m ,*air means ! ,*air ( ! ,bo>d describ$ 9 section #c7;c77#b74 7#c7 ,executive ,director ,! t]m ,executive ,director means ! ,executive ,director ( ! ,bo>d describ$ 9 section #c7;f77#b74 7#d7 ,f\ndation ,! t]m ,f\ndation means ! ,,impact = ,en]gy ,f\ndation e/abli%$ "u section #c7;a74 7#e7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,en]gy4 #c4 ,e/abli%m5t ( ,,impact = ,en]gy ,f\ndation 7a7 ,e/abli%m5t 7#a7 ,9 g5]al ,n lat] ?an ,febru>y #a1 #bjai1 ! ,secret>y %all e/abli% a nonpr(it corporation to be kn[n z ! ,,impact = ,en]gy ,f\ndation4 7#b7 ,limitation ,! ,f\ndation %all n be an ag5cy or in/rum5tality ( ! ,f$]al ,gov]nm5t4 7b7 ,purpose & activities ( f\ndation 7#a7 ,purpose ,! purpose ( ! ,f\ndation is to provide a me*anism to *annel private sector inve/m5ts t support ef=ts to create1 develop1 & comm]cialize innovative te*nologies t address en]gy *all5ges1 by me?ods t include-- 7,a7 fo/]+ collaboration & p>tn]%ips ) en]gy rese>*]s f ! ,f$]al ,gov]nm5t1 ,/ate gov]nm5ts1 in/itutions ( high] education1 f$]ally fund$ rese>* & developm5t c5t]s1 indu/ry1 & nonpr(it organizations = ! rese>*1 developm5t1 or comm]cialization ( trans=mative en]gy te*nologies2 7,b7 lev]ag+ te*nologies to support new product developm5t t supports regional economic developm5t2 & 7,c7 adm9i/]+ prize competitions to accel]ate private sector competition & inve/m5t4 7#b7 ,activities 7,a7 ,9 g5]al ,! ,f\ndation may solicit & accept gifts1 grants1 & o!r donations1 e/abli% acc\nts1 & inve/ & exp5d funds 9 support ( ! programs & activities describ$ 9 subp>agraphs 7,b7 ?r\gh 7,d74 7,b7 ,/udies1 competitions1 & projects ,! ,f\ndation may conduct & support /udies1 competitions1 projects1 rese>*1 developm5t1 comm]cialization1 & o!r activities t fur!r ! purpose ( ! ,f\ndation describ$ 9 p>agraph 7#a74 7,c7 ,fell[%ips & grants 7i7 ,9 g5]al ,! ,f\ndation may provide fell[%ips & grants to recipi5ts select$ "u clause 7iii7 = activities relat+ to rese>*1 developm5t1 prototyp+1 matur+1 or comm]cializ+ ( en]gy te*nologies4 7ii7 ,uses ( fell[%ips & grants ,a fell[%ip or grant "u clause 7i7 may include /ip5ds1 travel1 heal? insurance b5efits1 & o!r appropriate exp5ses4 7iii7 ,selection ,! ,executive ,director %all select ! recipi5t ( a fell[%ip or grant bas$ on ! te*nical & comm]cialization m]its ( ! project4 7iv7 ,f$]al laboratories 7,i7 ,9 g5]al ,f$]al ,laboratories1 includ+ laboratories ( ! ,dep>tm5t ( ,en]gy1 may apply = & accept grants "u clause 7i74 7,,ii7 ,effect ,a ,f$]al laboratory t applies = or accepts a grant "u subclause 7,i7 %all n be consid]$ to be engag+ 9 a competitive proc$ure4 7,d7 ,supplem5t>y programs ,! ,f\ndation may c>ry out supplem5t>y programs-- 7i7 to conduct & support =ums1 meet+s1 conf]5ces1 c\rses1 & tra9+ work%ops consi/5t ) ! purpose ( ! ,f\ndation describ$ 9 p>agraph 7#a72 7ii7 to support & enc\rage ! und]/&+ & developm5t (-- 7,i7 data report+ models t promote ! translation ( te*nologies f ! rese>* /age1 ?r\gh developm5t & maturation1 & to ! m>ket2 & 7,,ii7 policies t make regulation m effective & effici5t by lev]ag+ ! te*nology translation data describ$ 9 subclause 7,i7 = ! regulation ( relevant te*nology sectors2 7iii7 = writ+1 edit+1 pr9t+1 publi%+1 & v5d+ books & o!r mat]ials relat+ to rese>* c>ri$ out "u ! ,f\ndation2 & 7iv7 to conduct o!r activities to c>ry out & support ! purpose describ$ 9 p>agraph 7#a74 7,e7 ,au?ority ( f\ndation ,! ,f\ndation %all be ! sole entity responsible = c>ry+ out ! activities describ$ 9 ?is p>agraph4 7,f7 ,adm9i/rative control ,no p>ticipant 9 a program "u ?is p>agraph or employee ( ! ,f\ndation %all ex]cise any adm9i/rative control ov] any ,f$]al employee4 7c7 ,bo>d ( directors 7#a7 ,memb]%ip 7,a7 ,9 g5]al ,! ,f\ndation %all op]ate "u ! direction ( a ,bo>d ( ,directors1 :i* %all be compos$ (-- 7i7 ex-(ficio memb]s describ$ 9 subp>agraph 7,b72 & 7ii7 appo9t$ memb]s describ$ 9 subp>agraph 7,c74 7,b7 ,ex-(ficio memb]s 7i7 ,initial memb]s 7,i7 ,9 g5]al ,subject to subclause 7,,ii71 ! initial ex-(ficio memb]s ( ! ,bo>d %all be-- 7aa7 ! *air ( ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate 7or a designee72 7bb7 ! rank+ m9ority memb] ( ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate 7or a designee72 7cc7 ! *air ( ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives 7or a designee72 7dd7 ! rank+ m9ority memb] ( ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives 7or a designee72 7ee7 ! *air ( ! ,committee on ,environm5t & ,public ,works ( ! ,s5ate 7or a designee72 7ff7 ! rank+ m9ority memb] ( ! ,committee on ,environm5t & ,public ,works ( ! ,s5ate 7or a designee72 7gg7 ! *air ( ! ,committee on ,sci5ce1 ,space1 & ,te*nology ( ! ,h\se ( ,repres5tatives 7or a designee72 7hh7 ! rank+ m9ority memb] ( ! ,committee on ,sci5ce1 ,space1 & ,te*nology ( ! ,h\se ( ,repres5tatives 7or a designee72 & 7ii7 ! ,secret>y 7or a designee74 7,,ii7 ,designees ,a designee "u subclause 7,i7 %all be a memb] ( ! /aff ( ! applicable *air1 rank+ m9ority memb]1 or ,secret>y4 7ii7 ,p]man5t memb]s 7,i7 ,t]m9ation ,on ! appo9tm5t ( appo9t$ memb]s ( ! ,bo>d "u subp>agraph 7,c71 ! t]ms ( s]vice ( ! ex-(ficio memb]s ( ! ,bo>d describ$ 9 items 7aa7 ?r\gh 7hh7 ( clause 7i77,i7 %all t]m9ate4 7,,ii7 ,p]man5t memb] ,! ,secret>y %all s]ve z a p]man5t ex-(ficio memb] ( ! ,bo>d4 7iii7 ,nonvot+ memb]s ,! ex-(ficio memb]s ( ! ,bo>d %all be nonvot+ memb]s4 7,c7 ,appo9t$ memb]s 7i7 ,9 g5]al ,! appo9t$ memb]s ( ! ,bo>d %all be compos$ ( #aa individuals1 :i* %all include n few] ?an #a b n m ?an #e repres5tatives ( ea* (-- 7,i7 ! academic community2 7,,ii7 ! bus9ess community2 7,,iii7 nonpr(it organizations2 7,,iv7 ! communities surr\nd+ ! laboratories & facilities ( ! ,dep>tm5t ( ,en]gy2 & 7,v7 ! te*nology transf] & comm]cialization community4 7ii7 ,me?od ( appo9tm5t 7,i7 ,9 g5]al ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ex-(ficio memb]s ( ! ,bo>d %all select f a li/ ( c&idates1 to be provid$ by1 at ! discretion ( ! ,secret>y1 ! ,secret>y ( ,en]gy ,advisory ,bo>d or ! ,national ,academy ( ,sci5ces1 individuals = appo9tm5t z memb]s ( ! ,bo>d4 7,,ii7 ,vote ,= ! initial memb]%ip ( ! ,bo>d1 an individual select$ = appo9tm5t "u subclause 7,i7 %all be appo9t$ on a vote ( n few] ?an #c_/e ( ! initial ex-(ficio memb]s ( ! ,bo>d4 7iii7 ,re/riction on memb]%ip ,no employee ( ! ,dep>tm5t ( ,en]gy %all be appo9t$ z a memb] ( ! ,bo>d4 7iv7 ,am5dm5t to numb] ( appo9t$ memb]s ,! ,bo>d1 ?r\gh am5dm5ts to ! bylaws ( ! ,f\ndation1 may provide t ! numb] ( appo9t$ memb]s ( ! ,bo>d %all be great] ?an ! numb] specifi$ 9 clause 7i74 7,d7 ,t]ms & vacancies 7i7 ,t]ms 7,i7 ,9 g5]al ,except z provid$ 9 subclause 7,,ii71 ! t]m ( s]vice ( ea* appo9t$ memb] ( ! ,bo>d %all be #e ye>s4 7,,ii7 ,initial appo9t$ memb]s ,! t]m ( s]vice = ea* initial appo9t$ memb] ( ! ,bo>d %all be-- 7aa7 det]m9$ by ! initial ex-(ficio memb]s ( ! ,bo>d & ! initial ,*air to ensure t ! cont9uity ( repres5tation ( bo>d memb]s f ea* ( ! areas describ$ 9 subclauses 7,i7 ?r\gh 7,v7 ( subp>agraph 7,c77i72 & 7bb7 = a t]m ( ei!r #c or #d ye>s4 7ii7 ,vacancies 7,i7 ,9 g5]al ,any vacancy 9 ! memb]%ip ( ! appo9t$ memb]s ( ! ,bo>d-- 7aa7 %all be fill$ 9 accordance ) ! bylaws ( ! ,f\ndation e/abli%$ "u subsection 7d77#a77;,b72 & 7bb7 %all n affect ! p[] ( ! rema9+ appo9t$ memb]s to execute ! duties ( ! ,bo>d4 7,,ii7 ,fill+ unexpir$ t]m ,an individual appo9t$ to fill a vacancy %all be appo9t$ = ! unexpir$ t]m ( ! memb] replac$4 7,,iii7 ,s]vice until vacancy fill$ ,an appo9t$ memb] ( ! ,bo>d may cont9ue to s]ve on ! ,bo>d aft] ! expiration ( ! t]m ( ! memb] until a successor is appo9t$4 7#b7 ,*air 7,a7 ,initial *air ,! initial ,*air ( ! ,bo>d %all be an initial ex-(ficio memb] elect$ by ! initial ex-(ficio memb]s ( ! ,bo>d = a #c-ye> t]m t %all expire on ! appo9tm5t ( ! next ,*air4 7,b7 ,*air aft] memb]s are appo9t$ ,on ! t]m9ation ( ! t]m ( s]vice ( ! initial ,*air "u subp>agraph 7,a71 ! appo9t$ memb]s ( ! ,bo>d %all elect an appo9t$ memb] ( ! ,bo>d to s]ve z ! ,*air1 :o %all s]ve z ! ,*air = ! entire rema9+ t]m ( s]vice ( t memb]4 7#c7 ,comp5sation 7,a7 ,9 g5]al ,memb]s ( ! ,bo>d may n receive comp5sation = s]vice on ! ,bo>d4 7,b7 ,c]ta9 exp5ses ,9 accordance ) ! bylaws ( ! ,f\ndation1 memb]s ( ! ,bo>d may be reimburs$ = travel exp5ses1 includ+ p] diem 9 lieu ( subsi/5ce1 & o!r necess>y exp5ses incurr$ 9 c>ry+ out ! duties ( ! ,bo>d4 7d7 ,meet+s & quorum 7#a7 ,meet+s ,n lat] ?an #ahj days aft] ! e/abli%m5t ( ! appo9t$ ,bo>d1 ! initial appo9t$ memb]s ( ! ,bo>d %all-- 7,a7 s]ve z incorporators2 & 7,b7 take su* actions z are necess>y-- 7i7 to incorporate ! ,f\ndation2 7ii7 to e/abli% ! bylaws ( ! ,f\ndation2 7iii7 to e/abli% ! g5]al policies ( ! ,f\ndation = c>ry+ out ! purpose describ$ 9 subsection 7b77#a72 & 7iv7 to appo9t ! memb]s ( ! ,bo>d 9 accordance ) subsection 7c77#a77;,c77ii74 7#b7 ,quorum ,a majority ( ! memb]s ( ! ,bo>d %all con/itute a quorum = purposes ( conduct+ ! bus9ess ( ! ,bo>d4 7e7 ,c]ta9 bylaws 7#a7 ,9 g5]al ,! ,bo>d %all include 9 ! bylaws ( ! ,f\ndation e/abli%$ "u subsection 7d77#a77;,b7 ! foll[+ policies3 7,a7 ,policies = ! selection ( ! (fic]s1 employees1 ag5ts1 & contractors ( ! ,f\ndation4 7,b7 ,policies1 includ+ e?ical /&>ds1 = ! acceptance1 solicitation1 & disposition ( gifts1 grants1 & o!r donations to ! ,f\ndation1 :i* %all require t-- 7i7 (fic]s1 employees1 ag5ts1 & contractors ( ! ,f\ndation 7includ+ memb]s ( ! ,bo>d7 avoid encumbrances t w\ld result 9 a conflict ( int]e/1 includ+ a f9ancial conflict ( int]e/ or a divid$ allegiance2 & 7ii7 in=mation conc]n+ any own]%ip or controll+ int]e/ 9 any entity relat$ to ! activities ( ! ,f\ndation be disclos$ by (fic]s1 employees1 ag5ts1 & contractors ( ! ,f\ndation 7includ+ memb]s ( ! ,bo>d7 & ! relatives 7z def9$ 9 section #aji ( ! ,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4 ,app477 ( ! (fic]s1 employees1 ag5ts1 contractors1 & memb]s4 7,c7 ,policies = ! disposition ( ! assets ( ! ,f\ndation4 7,d7 ,policies = ! conduct ( ! g5]al op]ations ( ! ,f\ndation4 7,e7 ,policies = writ+1 edit+1 pr9t+1 publi%+1 & v5d+ ( books & o!r mat]ials4 7#b7 ,requirem5ts ,9 e/abli%+ ! bylaws ( ! ,f\ndation1 ! ,bo>d %all ensure t ! bylaws ( ! ,f\ndation & ! activities c>ri$ out "u ! bylaws ( ! ,f\ndation %all n-- 7,a7 reflect unfavorably on ! ability ( ! ,f\ndation or ! ,secret>y to c>ry out responsibilities or (ficial duties 9 a fair & objective mann]2 or 7,b7 compromise1 or appe> to compromise1 ! integrity ( any ag5cy or program ( ! ,f$]al ,gov]nm5t1 or any (fic] or employee involv$ 9 ! program4 7f7 ,p[]s & duties 7#a7 ,op]ation "u direction ( ,bo>d ,! ,f\ndation %all op]ate "u ! direction ( ! ,bo>d4 7#b7 ,executive director 7,a7 ,9 g5]al ,an ,executive ,director ( ! ,f\ndation %all be-- 7i7 appo9t$ by1 & s]ve at ! pleasure (1 ! ,bo>d2 & 7ii7 responsible =-- 7,i7 ! day-to-day op]ations ( ! ,f\ndation2 & 7,,ii7 su* specific duties & responsibilities z ! ,bo>d may prescribe4 7,b7 ,comp5sation ,! rate ( comp5sation ( ! ,executive ,director %all be fix$ by ! ,bo>d4 7#c7 ,corporate seal ,! ,f\ndation may adopt1 alt]1 & use a corporate seal1 :i* %all be judicially notic$4 7#d7 ,(fic]s1 employees1 & ag5ts ,! ,f\ndation may-- 7,a7 hire1 promote1 comp5sate1 & dis*>ge (fic]s1 employees1 ag5ts1 & contractors2 7,b7 def9e ! duties ( ! (fic]s1 employees1 ag5ts1 & contractors2 7,c7 require surety bonds or make o!r provisions aga9/ losses occasion$ by acts ( ! (fic]s1 employees1 ag5ts1 or contractors2 7,d7 ) ! cons5t ( any ,f$]al ag5cy1 use ! in=mation1 s]vices1 /aff1 & facilities ( ! ag5cy2 & 7,e7 appo9t o!r gr\ps ( advisors z may be det]m9$ necess>y4 7#e7 ,o!r p[]s ,! ,f\ndation may-- 7,a7 modify or cons5t to ! modification ( any contract or agreem5t to :i* ! ,f\ndation is a p>ty or 9 :i* ! ,f\ndation has an int]e/2 7,b7 ent] into contracts ) public & private organizations = ! writ+1 edit+1 pr9t+1 & publi%+ ( books & o!r mat]ial2 7,c7 take su* action z may be necess>y to obta9 pat5ts & lic5ses = devices & proc$ures develop$ by ! ,f\ndation2 7,d7 ent] into contracts1 leases1 coop]ative agreem5ts1 & o!r transactions z ! ,executive ,director consid]s appropriate to conduct ! activities ( ! ,f\ndation2 7,e7 solicit1 accept1 hold1 adm9i/]1 inve/1 & sp5d any gift1 devise1 or beque/ ( real or p]sonal prop]ty made to ! ,f\ndation2 7,f7 sue & be su$ 9 its corporate "n & compla9 & def5d itself 9 any c\rt ( compet5t jurisdiction2 & 7,g7 ex]cise su* o!r p[]s1 includ+ incid5tal p[]s1 z are necess>y to c>ry out ! p[]s1 duties1 & functions ( ! ,f\ndation "u ?is ,act4 7#f7 ,fees ,! ,f\ndation may assess fees = ! provision ( pr(essional1 adm9i/rative1 & managem5t s]vices by ! ,f\ndation 9 am\nts det]m9$ reasonable & appropriate by ! ,executive ,director4 7g7 ,incorporation ,! initial memb]s ( ! ,bo>d %all s]ve z incorporators & %all take any actions necess>y to incorporate ! ,f\ndation4 7h7 ,nonpr(it /atus ,! ,f\ndation %all be consid]$ to be an organization describ$ 9 section #eja7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 & exempt f taxation "u section #eja7;a7 ( su* ,code4 7i7 ,g5]al provisions 7#a7 ,f\ndation integrity ,! ,bo>d %all-- 7,a7 be acc\ntable = ! integrity ( ! op]ations ( ! ,f\ndation2 & 7,b7 ensure t integrity ?r\gh ! developm5t & en=cem5t ( crit]ia & proc$ures relat+ to-- 7i7 /&>ds ( conduct2 7ii7 f9ancial disclosure /atem5ts2 7iii7 conflicts ( int]e/2 7iv7 recusals & waiv]s2 7v7 audits2 & 7vi7 o!r matt]s det]m9$ appropriate by ! ,bo>d4 7#b7 ,f9ancial conflicts ( int]e/ ,any individual :o is an (fic]1 employee1 or memb] ( ! ,bo>d %all n1 9 accordance ) ! policies e/abli%$ "u subsection 7e77#a77;,b77ii71 p]sonally or sub/antially p>ticipate 9 ! consid]ation or det]m9ation by ! ,bo>d ( any matt] t w\ld directly & =eseeably affect any f9ancial int]e/ (-- 7,a7 ! individual2 7,b7 a relative 7z def9$ 9 section #aji ( ! ,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4 ,app477 ( ! individual2 or 7,c7 any bus9ess organization or o!r entity-- 7i7 ( :i* ! individual is an (fic] or employee2 7ii7 ( :i* ! individual is negotiat+ = employm5t2 or 7iii7 9 :i* ! individual has any o!r f9ancial int]e/4 7#c7 ,audits2 availability ( records ,! ,bo>d %all-- 7,a7 conduct annual audits ( ! f9ancial condition ( ! ,f\ndation2 & 7,b7 make ^? audits1 & all o!r records1 docum5ts1 & o!r pap]s ( ! ,f\ndation1 available to ! ,secret>y & ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates = exam9ation or audit4 7#d7 ,reports 7,a7 ,9 g5]al ,n lat] ?an #aej days aft] ! end ( ea* fiscal ye>1 ! ,bo>d %all publi% a report describ+ ! activities ( ! ,f\ndation dur+ ! prec$+ fiscal ye>4 7,b7 ,cont5ts ,ea* report publi%$ "u subp>agraph 7,a7 %all include1 = ! applicable fiscal ye>-- 7i7 a compreh5sive /atem5t ( ! op]ations1 activities1 f9ancial condition1 & accompli%m5ts ( ! ,f\ndation1 includ+ an acc\nt+ ( ! use ( am\nts transf]r$ "u subsection 7k77#a72 & 7ii7 ) respect to ! f9ancial condition ( ! ,f\ndation-- 7,i7 ! s\rce1 & a description1 ( ea* gift or grant ( real or p]sonal prop]ty to ! ,f\ndation2 7,,ii7 ! s\rce & am\nt ( ea* ca% gift or grant to ! ,f\ndation2 & 7,,iii7 a specification ( any re/rictions on ! purposes = :i* ! gifts & grants describ$ 9 subclauses 7,i7 & 7,,ii7 may be us$4 7,c7 ,availability ,! ,bo>d %all-- 7i7 make copies ( ea* report submitt$ "u subp>agraph 7,a7 available-- 7,i7 = public inspection2 & 7,,ii7 to ! appropriate committees ( ,congress2 & 7ii7 on reque/1 provide a copy ( any report submitt$ "u subp>agraph 7,a7 to any individual = a *>ge t %all n exce$ ! co/ ( provid+ ! copy4 7,d7 ,public meet+ ,! ,bo>d %all annually hold a public meet+-- 7i7 to summ>ize ! activities ( ! ,f\ndation2 & 7ii7 to di/ribute writt5 reports describ+-- 7,i7 ^? activities2 & 7,,ii7 ! sci5tific results d]iv$ f ^? activities4 7#e7 ,s]vice ( ,f$]al employees ,a ,f$]al employee may s]ve on a committee advisory to ! ,f\ndation & o!rwise coop]ate ) & assi/ ! ,f\ndation 9 c>ry+ out ?is ,act1 subject to ! condition t ! ,f$]al employee %all n direct or control any activity ( ! ,f\ndation4 7#f7 ,relation%ip ) exi/+ entities ,! ,bo>d may1 9 accordance ) appropriate agreem5ts1 m]ge ! ,f\ndation )1 acquire1 or use ! res\rces ( an exi/+ nonpr(it private corporation t has a mission simil> to ! purpose ( ! ,f\ndation describ$ 9 subsection 7b77#a74 7#g7 ,intellectual prop]ty rights ,! ,bo>d %all adopt writt5 /&>ds ) respect to ! own]%ip ( any intellectual prop]ty rights d]iv$ f ! collaborative ef=ts ( ! ,f\ndation be=e ! comm5cem5t ( any collaborative ef=ts4 7#h7 ,transf] ( funds ,! ,bo>d may transf] am\nts to ! ,secret>y1 & ! ,secret>y may accept transf]s ( am\nts f ! ,f\ndation4 7j7 ,support s]vices ,! ,secret>y may provide facilities1 utilities1 & support s]vices to ! ,f\ndation if x is det]m9$ by ! ,secret>y to be advantage\s to ! rese>* programs ( ! ,dep>tm5t ( ,en]gy4 7k7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out ?is section su* sums z are necess>y = fiscal ye> #bjah & ea* fiscal ye> !reaft]4 #d4 ,e/abli%m5t ( =-pr(it subsidi>ies 7a7 ,e/abli%m5t ,! ,bo>d may e/abli% "o or m =-pr(it subsidi>ies1 :i* may include an impact inve/m5t fund-- 7#a7 to /imulate economic developm5t activities relat+ to ! purpose ( ! ,f\ndation describ$ 9 section #c7;b77#a72 & 7#b7 to attract =-pr(it inve/m5t p>tn]s = te*nology translation & comm]cialization activities4 7b7 ,au?orities ( ! =-,pr(it subsidi>y 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 a =-pr(it subsidi>y e/abli%$ "u subsection 7a7 may-- 7,a7 ent] p>tn]%ips ) economic developm5t corporations1 includ+ incubators1 accel]ators1 & small bus9ess inve/m5t companies2 7,b7 pay = ! co/ ( build+ & adm9i/]+ facilities1 includ+ microlabs & incubators1 to support ! activities ( ! ,f\ndation describ$ 9 section #c7;b77#b72 & 7,c7 provide fund+ to />tups4 7#b7 ,co/ recov]y requirem5ts ,a =-pr(it subsidi>y e/abli%$ "u subsection 7a7 %all-- 7,a7 ensure t ! ,f\ndation owns any intellectual prop]ty rights g5]at$ ?r\gh activities fund$ by ! =-pr(it subsidi>y1 if appropriate2 & 7,b7 own an equity /ake 9 any />tup inve/$ 9 by ! =-pr(it subsidi>y4