2006 Special Session I

Budget Amendments - HB5002 (Committee Approved)

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House Research CWM

Item 154 #1h

Item 154 #1h

First Year - FY2007 Second Year - FY2008
Education: Higher Education
The College of William and Mary in Virginia FY2007 $400,000 FY2008 $400,000 GF
FY2007 $400,000 FY2008 $400,000 NGF

Page 153, line 22, strike "$24,946,609" and insert "$25,746,609".
Page 153, line 22, strike "$24,946,609" and insert "$25,746,609".
Page 153, line 22, strike "a sum sufficient, estimate at".
Page 153, after line 27, insert:
"A. Out of this appropriation, $400,000 each year from the general fund and $400,000 each year from nongeneral funds is designated to build research capacity in biomedical research and biomaterials engineering.
B. The College of William and Mary shall report to the Virginia Academic Research Corporation created under House Bill 935 on the use of these funds.  The Virginia Academic Research Corporation and the College of William and Mary shall report progress made under this initiative to the Chairman of the House Appropriations and Senate Finance Committees by October 1, 2007.  The report shall include how the funds were used, the amount of federal and private funds that were leveraged, collaborative efforts in support of private industry, and recommendations for future investment."

(This amendment provides general fund to support biomedical and biomagnetic research efforts at the college as part of the House Research Initiative. Funding will allow the college to leverage funding from federal and private sources. A companion amendment is found under item 250.)