1998 Session

Budget Amendments - SB29 (Committee Approved)

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Technology Commercialization (language only)

Item 531 #2s

Item 531 #2s

Central Appropriations
Central Appropriations

Page 131 after line 9, insert  "K.  Up to $2.8 million of unexpended balances from Item 530 E. of the Appropriation Act shall be made available to the Innovative Technology Authority (CIT) for sponsoring the development of a pressure-based, ballast water microorganism control system in Hampton Roads.  The development of two prototypes and appropriate performance measures shall be done with the assistance of Old Dominion University, through the Center for Advanced Ship Repair and Maintenance (CASRM).  Applicants shall follow the protocols used in CIT's Technology Awards Program, specifically the provisions on technical feasibility and business plans.  Preference shall be given to applicants with cash or "in-kind" match.  Intellectual property rights shall be retained by applicants, through an exclusive license.  As a condition for receiving state financial assistance, applicants shall agree to repay CIT in accordance with the Technology Awards Program protocol, if the prototype leads to a commercial product.  The Department of Planning and Budget shall transfer the funds to CIT upon confirmation by CIT that all provisions of this paragraph have been executed.".

(This amendment provides up to $2.8 million from the unexpended 1996-98 balances of the Governor's Development Opportunity Fund to design, produce, operate, and test innovative technology treating ballast water of ocean-going vessels. CIT, with assistance from ODU and CASRM, would manage the application grant program. Applicants whose prototypes proved commercially successful would repay CIT. A companion amendment in SB 30 continues this authorization in 1998-2000. Current practice often results in the pumping of ballast water into the Chesapeake Bay, exposing Virginia's coastal waters to potential environmental and human health problems.)