2015 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: LeMunyon
Restore Funding to CIT

Item 419 #1h

Item 419 #1h

First Year - FY2015 Second Year - FY2016
Innovation and Entrepreneurship Investment Authority FY2015 $2,500,000 FY2016 $0 GF

Page 364, line 12, strike "$8,316,873" and insert "$10,816,873".
Page 365, line 30, unstrike "From the amounts appropriated in this Item" and strike "a total".
Page 365, line 31, unstrike "from the general fund".
Page 365, strike lines 36 through 40.
Page 365, line 41, unstrike "Out of the appropriation for this Item".
Page 365, line 41.  strike "The Center for Innovative Technology is authorized".
Page 365, line 42, strike "to use up to".
Page 365, line 42, strike "from unobligated balances existing as of June 30, 2014".
Page 365, line 43, unstrike "and $500,000 the second year from the general fund is provided".

(This amendment restores general fund support for the Growth Accelerator Program and for the modeling and simulation program efforts at CIT by $2.5 million in the first year. House Bill 1400 as introduced had assumed these programs would be supported using prior year fund balances and reduced the general fund amounts to help achieve the state agency savings required by Item 471.10 pursuant to Chapter 3, Special Session 1 of the 2015 General Assembly. A companion amendment eliminates the proposed reversions.)