2016 Session

Budget Amendments - HB29 (Floor Approved)

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Address Funding Shortfall at IEIA

Item 468 #5h

Item 468 #5h

First Year - FY2015 Second Year - FY2016
Central Appropriations
Central Appropriations FY2015 $0 FY2016 $800,000 GF

Page 184, line 41, strike "$13,613,298" and insert "$14,413,298".

Page 187, after line 53, insert:

"O. Out of this appropriation, $800,000 the second year from the general fund shall be provided to the Innovation and Entrepreneurship Investment Authority to support the operations of the authority."  


(This amendment provides $800,000 from the general fund in fiscal year 2016 for the Innovation and Entrepreneurship Investment Authority (IEIA). The IEIA is currently projecting a revenue shortfall that would require the authority to lay off 20% of their staff. The newly appointed CEO has requested these funds to get through the current fiscal year and to allow him and the Board time to thoroughly review the authority's operations and business model.)