Sec. 482.107.  BOARD OF DIRECTORS: AUTHORITY.  (a)  The board shall:
(1)  direct the activities of, establish goals for, and provide oversight to the commission;
(2)  develop and execute a strategic plan in accordance with Section 482.201;
(3)  establish the appropriate standards and executive bodies to ensure the proper use of funds authorized under this chapter for research and facilities development;
(4)  identify research and funding opportunities for entities within this state that:
(A)  strengthen and enhance this state's proven leadership position in civil, commercial, and military aeronautics research and development and space flight infrastructure;
(B)  enhance the integration of the space, aeronautics, astronautics, and aviation industries into this state's economy; and
(C)  promote and further research involving materials derived from or developed through space exploration and space flight;
(5)  capitalize, promote, and assist in the development of workforce training to further the development of emerging technologies required for all aspects of space exploration; and
(6)  solicit proposals on funding and research opportunities related to the objectives in this chapter from the Texas Aerospace Research and Space Economy Consortium established under Subchapter G.
(b)  The board shall employ a chief compliance officer to monitor and report to the board regarding compliance with this chapter and rules adopted under this chapter.  The chief compliance officer shall ensure that all grant proposals comply with this chapter and rules adopted under this chapter before the proposals are submitted to the board for approval.
(c)  The board may:
(1)  establish ad hoc advisory committees as necessary to carry out the board's duties under this chapter;
(2)  adopt and use an official seal;
(3)  solicit and accept gifts or grants, and contract with any entity;
(4)  acquire and convey property or an interest in property;
(5)  procure insurance and pay premiums on insurance of any type, in accounts, and from insurers as the board considers necessary and advisable to accomplish any of the commission's purposes;
(6)  make grants to public or private persons with an established presence within this state to encourage economic development related to space and aerospace;
(7)  make grants to enhance the capacity of institutions of higher education to participate in and support classified research;
(8)  provide matching funding to external funding provided by relevant federal agencies, private industry, or private research organizations; and
(9)  engage in the planning and implementation of aerospace-related educational opportunities within this state in coordination with the Texas Aerospace Research and Space Economy Consortium established under Subchapter G.
Added by Acts 2023, 88th Leg., R.S., Ch. 856 (H.B. 3447), Sec. 1, eff. September 1, 2023.