2006 Special Session I

Budget Amendments - HB5002 (Committee Approved)

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House Research UVA

Item 194 #1h

Item 194 #1h

First Year - FY2007 Second Year - FY2008
Education: Higher Education
University of Virginia FY2007 $6,250,000 FY2008 $6,250,000 GF
FY2007 $14,350,000 FY2008 $14,350,000 NGF

Page 171, line 38, strike "$351,560,136" and insert "$372,160,136".
Page 171, line 38, strike "$351,560,136" and insert "$372,160,136".
Page 171, line 38, strike "a sum sufficient, estimate at".
Page 171, after line 43, insert:
"A. Out of this appropriation, $6,250,000 from the general fund and $14,350,000 from nongeneral funds each year is designated to build research capacity in the areas of bioengineering and regenerative medicine.
B. The University of Virginia 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 University of Virginia 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 biomaterials research efforts at the university 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.)