2008 Session

Budget Amendments - HB30 (Conference Report)

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VT - Research Funding

Item 226 #1c

Item 226 #1c

First Year - FY2009 Second Year - FY2010
Education: Higher Education
Virginia Polytechnic Institute and State University FY2009 ($4,703,125) FY2010 $2,821,875 GF

Page 207, line 25, strike "$266,401,934" and insert "$261,698,809".
Page 207, line 25, strike "$258,876,934" and insert "$261,698,809".
Page 207, strike lines 31 through 39 and insert:
"A. Out of this appropriation, $2,821,875 each year 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, 2008.  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 207, line 40, strike "B." and insert "C."
Page 208, line 23, strike "C." and insert "D."

(This amendment continues the legislative research initiative.)