2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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Life Sciences Balances

Item 101 #3s

Item 101 #3s

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Economic Development Incentive Payments FY2015 ($2,500,000) FY2016 $0 GF

Page 79, line 39, strike "$59,321,491" and insert "$56,821,491".
Page 81, line 46, strike "$2,500,000 the first year and".
Page 81, line 50, after "School." insert:
In addition, the consortium is authorized to utilize up to $2,500,000 in the first year from unobligated funding previously appropriated to the consortium for FY 2013 in Item 105 M.1. of Chapter 3, 2012 Special Session I.".

(This amendment reduces funding in the first year for the Life Sciences Consortium by $2.5 million but allows the consortium to utilize the same amount from balances left over from FY 2013. Due to delays in organization of the consortium, no funds were expended in FY 2013.)