2025 bills / H.B. 530
H.B. 530 Utah Innovation Lab Modifications (2025)
- Introduced
- House committee
- House vote
- Senate committee
- Senate vote
- Signed into law
What this bill does
The bill reorganizes the Utah Innovation Lab and creates a new Nucleus Institute, which would have its own board of directors and an executive director. It also changes how the Utah innovation fund under the institute is governed, requires an investment committee for the fund, and adds reporting and auditing requirements.
Plain-English summary written by AI from the official description. Check the official text below.
Official description
- reorganizes the Utah Innovation Lab and creates the Nucleus Institute (institute)
- requires the formation of a board of directors of the institute and provides for an institute executive director
- outlines the duties of the institute board and institute executive director
- amends the governance and structure of the Utah innovation fund (fund) under the institute
- requires the formation of an investment committee for the fund
- outlines the duties of the investment committee and fund
- requires reporting and auditing
- makes technical and conforming changes
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Every vote
- 7 yes, 0 no, 3 absentHouse Economic Development and Workforce Services Committee: Amendment Recommendation · 2/25/2025 5:37 PMWho voted how
- 7 yes, 0 no, 3 absentHouse Economic Development and Workforce Services Committee: vote to approve it · 2/25/2025 5:38 PMWho voted how
- 71 yes, 0 no, 4 absentFinal House vote · 2/27/2025 8:47 PMWho voted how
- 5 yes, 0 no, 1 absentSenate Economic Development and Workforce Services Committee: vote to approve it · 3/3/2025 9:43 AMWho voted how
- 26 yes, 0 no, 3 absentFinal Senate vote · 3/4/2025 6:57 PMWho voted how