Providing for investment by regents institutions in certified innovation funds and including effective date provisions. Vetoed 6-2-26

Where it is now

1. ✓
   Done: IntroducedFebruary 17, 2026
2. ✓
   Done: SubcommitteeFebruary 17, 2026
3. ✓
   Done: Senate committeeFebruary 19, 2026
4. ✓
   Done: Passes the SenateMarch 10, 202645–0
5. ✓
   Done: House committeeMarch 18, 2026
6. ✓
   Done: Passes the HouseMarch 31, 202655–37
7. ✓
   Done: To the GovernorMay 11, 2026
8. ✕
   Stopped: VetoedJune 2, 2026

Vetoed What’s a funnel?

Amendments · 4

2 adopted · 0 failed · 1 never voted on. Newest first.

• S-5149 · filed March 31, 2026 by

  AI summary This amendment clarifies the definitions of endowment assets and innovation funds and shifts the responsibility for making the investments from the universities to their affiliated foundations. It also adds a rule that allows a foundation board to grant a one-year waiver if there is not enough investment capacity or if market conditions make the investment unwise.
  Never voted on
• H-8232 · filed March 18, 2026 by

  AI summary This amendment changes the focus of the bill from the universities themselves to their foundation-managed endowments. It adds a rule that foundations must increase investments if they fall below the required percentage and allows foundations to grant one-year waivers if there is not enough capacity in innovation funds or if market conditions are poor.
  Adopted
  March 31, 2026
• S-5091 · filed March 10, 2026 by Sen. Mike Bousselot (R)

  AI summary This amendment adds a rule that the required one percent investment cannot include any endowment money that donors have specifically restricted or prohibited from being used for these types of investments.
  Adopted
  March 10, 2026
• S-5082 · filed March 9, 2026 by Sen. Mike Bousselot (R)

  AI summary This amendment adds a rule that the one percent investment requirement cannot include any endowment money that has donor restrictions preventing it from being used this way.
  Withdrawn
  March 10, 2026