(a) The park shall be operated for the purposes of:
(1) furthering the mission of the coalition members;
(2) economic development of the state, including the production of net revenue to the state and coalition members, from the commercialization of biotechnology research;
(3) recruiting and retaining leading scientists and established biotechnology enterprises; and
(4) supporting the growth and development of new biotechnology enterprises.
(b) The park shall be located in the area of Houston, Texas, known as the Texas Medical Center.