2006 Special Session I

Budget Amendments - HB5002 (Conference Report)

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Research VT

Item 222 #1c

Item 222 #1c

First Year - FY2007 Second Year - FY2008
Education: Higher Education
Virginia Polytechnic Institute And State University FY2007 $7,525,000 FY2008 $7,525,000 GF
FY2007 $15,000,000 FY2008 $15,000,000 NGF

Page 187, line 35, strike "$243,876,934" and insert "$266,401,934".
Page 187, line 35, strike "$243,876,934" and insert "$266,401,934".
Page 187, line 35, strike "a sum sufficient".
Page 187, after line 40, insert:
"A. Out of this appropriation, $7,525,000 from the general fund and $15,000,000 from nongeneral funds each year is designated to build research capacity in the areas of bioengineering, biomaterials and nanotechnology.
B. Virginia Polytechnic Institute shall report on the use of these funds and progress made under this initiative to the Chairmen of the House Appropriations and Senate Finance Committees by October 1, 2007.  The report shall include, but not be limited to: 1) how the funds were used, 2) the amount of federal and private funds that were leveraged, 3) collaborative efforts in support of private industry, 4) the number of junior and senior faculty recruited in each field, 5) the amount of federal or other grant funds received as the result of those recruitments, 6) additional grants or contracts being pursued, 7) the level of instructional activity conducted by these faculty, 8) the impact of research activities on undergraduate instruction, 9) the use of graduate student aid funds, and 10) recommendations for future investment."
Page 187, line 41, before "Virginia", insert "C."

(This amendment provides general and nongeneral fund money to support biomedical and biomaterials research efforts at the university as part of the legislative research initiative. Funding will allow the college to leverage funding from federal and private sources. A companion amendment is found under Item 250.)