CIT Land & Property Study (language only)

Item 464 #1c

Language
Page 334, after line 7, insert:
"The Secretary of Technology shall prepare a report on the land and property owned or controlled by the Innovative Technology Authority or its nonstock corporation or foundation.  The focus of the report shall be threefold: (1) assess the land and property in terms of dollar value and of current use and potential uses including economic development; (2) identify obstacles to these potential uses; and (3) determine if the mission of CIT can be fulfilled elsewhere in Northern Virginia.  The report shall be submitted by November 6, 2002, to the Chairman of the Senate Finance Committee and to the Chairman of the House Appropriations Committee.  To that end, the Innovative Technology Authority, the Department of Planning and Budget, and the Virginia Economic Development Partnership shall cooperate with the Secretary in developing the report."

Explanation
(This amendment directs the Secretary of Technology to assess the value of the CIT land and property and to determine if CIT can carry out its programs in another Northern Virginia location.)