2005 Session

Budget Amendments - HB1500 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Landes
CIT Operating Support

Item 462 #4h

Item 462 #4h

First Year - FY2005 Second Year - FY2006
Innovative Technology Authority FY2005 $0 FY2006 $950,000 GF

Page 417, line 21, strike "$6,087,085" and insert "$7,037,085".
Page 418, strike lines 47 through 50 and insert:
"2. The Innovative Technology Authority shall provide a Performance Report to the Governor and the Chairmen of the Senate Finance and House Appropriations Committees by November 1, of each year on the Center for Innovative Technology's return on investment to the Commonwealth, including nongeneral fund revenues acquired to support the public purpose as declared in § 2.2-2219 of the Code of Virginia, and the statewide economic impact of programs and services."

(This amendment provides an additional $950,000 from the general fund in the second year to provide baseline funding for the Center for Innovative Technology.)