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2013 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Deeds
UVA - Fund Economic Development Accelerator

Item 197 #1s

Item 197 #1s

First Year - FY2013 Second Year - FY2014
Education: Higher Education
University of Virginia FY2013 $0 FY2014 $5,000,000 GF

Language
Page 178, line 46, strike "$292,065,332" and insert "$297,065,332".
Page 179, after line 8, insert:
"D.  Out of this appropriation, $5,000,000 the second year from the general fund is designated for the support of an economic development accelerator."
Page 179, line 9, strike "D." and insert "E."


Explanation
(This amendment would provide $5.0 million GF in FY 2014 to establish an economic development fund to increase research, promote economic development, and enhance the innovation ecosystem. The program is designed to match this funding with resources from a private sector partner and University resources.)