2000 Session

Budget Amendments - HB30 (Committee Approved)

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Technology Competitiveness Fund

Item 503 #3h

Item 503 #3h

First Year - FY2001 Second Year - FY2002
Innovative Technology Authority FY2001 $0 FY2002 ($5,000,000) GF
FY2001 $0 FY2002 $15,000,000 NGF

Page 342, line 3, strike "$20,000,000" and insert "$30,000,000".
Page 342, line 7, strike "20,000,000" and insert ""15,000,000".
Page 342, line 8, after "fund", insert:
"and $15,000,000 the second year from higher education operating funds".
Page 342, strike lines 34 through 36.
Page 342, line 37, strike "3" and insert "2".
Page 342, after line 44, insert:
"c.  General fund support from the Technology Competitiveness Fund pursuant to paragraphs 1 through 5 of this Item shall be matched on at least a dollar for dollar basis by the respective institution of higher education or combinations thereof."
Page 342, line 46, after "potential" insert:
", and shall be limited to research in the following fields: aerospace, biotechnology, energy, environmental and information technologies, high-performance manufacturing, telecommunications, and transportation".
Page 343, line 16, strike "June 30" and insert "January 1".
Page 343, line 23, strike "June 30" and insert "January 1".

(This amendment increases nongeneral fund support for the new Technology Competitiveness Fund, clarifies the research fields to which the grant funds should be directed, and accelerates a report to the General Assembly on the impacts of such program.)