2006 Special Session I

Budget Amendments - HB5002 (Conference Report)

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Research VCBA

Item 251 #1c

Item 251 #1c

First Year - FY2007 Second Year - FY2008
Education: Higher Education
Virginia College Building Authority FY2007 $0 FY2008 $6,050,000 GF

Page 210,  after line 50, insert:
"D.1. The Director, Department of Planning and Budget shall transfer $6,050,000 the second year from the General Fund to the Treasury Board for debt service on research equipment purchased through the Higher Education Equipment Trust Fund.
Equipment allocation from Higher Education Equipment Trust Fund in support of research          
Institution FY 2007
Virginia Polytechnic Institute $11,500,000
University of Virginia $11,500,000
Virginia Commonwealth University $5,000,000
George Mason University $3,400,000
Old Dominion University $1,263,120
College of William and Mary $600,000
Virginia Institute of Marine Science $150,000
Institute for Advanced Learning and Research $79,946
Total $33,493,066
2. Allocations in paragraph D.1. include $3,000,000 at Virginia Polytechnic Institute for Agriculture and Natural Resources Research Laboratory at the Virginia Tech Agriculture Experiment Station.
3.  Allocations in paragraph D.1. include $4,000,000 at the University of Virginia designated for expenses related to a focused ultrasound at the University of Virginia.  The funding shall be used to support equipment purchases and the development of the physical plant.  These funds may not be expended until the Board of Visitors of the University of Virginia reviews and approves a plan for the development of a focused ultrasound program.  These funds shall not be used to fund ongoing operations."

(This amendment provides general funding to purchase equipment in support of research efforts at the colleges and universities as part of the legislative research initiative. Funding will allow the college to recruit faculty and technical support staff and leverage funding from federal and private sources. A companion amendment is found under Item 250.)