2015 Session

Budget Amendments - SB800 (Floor Approved)

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CIT: Use of CRCF (language only)

Item 419 #1s

Item 419 #1s

Innovation and Entrepreneurship Investment Authority

Page 366, following line 47, insert:
"O. Out of the amounts appropriated in Item 101.I to the Commonwealth Research Commercialization Fund, the Secretary of Commerce and Trade shall release upon request of the Center for Innovative Technology an amount not to exceed $2,000,000 in the second year in additional support of  the MACH 37 cyber security accelerator. Prior to the release of this funding, the Center for Innovative Technology shall certify that it was unable to secure the private investment of at least $3,000,000 as was contemplated in the initial legislative authorization of the program."

(This amendment provides additional state support of the MACH 37 cyber security accelerator if it fails to achieve its anticipated level of private sector investment.)