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1999 Session

Budget Amendments - SB800 (Conference Report)

Technology Innovation Centers

Item 513.8 #1c

Item 513.8 #1c

First Year - FY1999 Second Year - FY2000
Technology
Innovative Technology Authority FY1999 $250,000 FY2000 $750,000 GF

Language
Page 396, line 13, strike "$11,327,237" and insert "$11,577,237".
Page 396, line 13, strike "$11,900,662" and insert "$12,650,662".
Page 397, after line 15, insert:
"I.  Out of the amounts for Industrial Development Services shall be provided $250,000 the first year and $750,000 the second year from the general fund to establish the Internet Technology Center, the Center for Plasma and Photon Processing, and the 21st Century Manufacturing Center.  The Innovative Technology Authority shall provide a report to the Chairmen of the Senate Finance and House Appropriations Committees by November 3, 1999, on the status and progress of these Centers in meeting their research and commercialization purposes."


Explanation
(This amendment provides $1.0 million of general fund support in the 1998-2000 biennium to CIT for three Technology Innovation Centers. The Centers focus on existing and emerging technologies important to Virginia's technology industry. The services provided by the Centers include development, application, and commercialization efforts.)