Summary of the bill.
The bill proposes annual public spending on scientific research, development and innovation of at least one percent (1 %). The percentage is calculated against the previous year's gross domestic product; half of those resources would go to the National Fund for Science, Technology and Innovation (FONACIT), with possible uses identified for the other half. It also makes compliance with the national strategic plan and policy approved by the Interministerial Council for Science, Technology and Innovation (CICYT) mandatory.