Relating to the operation and dissolution of the Lubbock Reese Redevelopment Authority and to agreements between Texas Tech University and the authority.

SB 2694 updates rules for the Lubbock Reese Redevelopment Authority, which manages property formerly known as Reese Air Force Base. It requires the authority to collaborate with Texas Tech University on national security research and defines "critical infrastructure" and "national security-related technology" for tax and operational purposes. The bill specifies that property used for such research is presumed to be in interstate commerce for tax purposes under Texas law. This directly affects the authority, Texas Tech University, and businesses operating on the property related to national security projects.