2016 Session

Budget Amendments - HB30 (Committee Approved)

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Eliminate New Funding for Biotechnology Spinoffs

Item 106 #2h

Item 106 #2h

First Year - FY2017 Second Year - FY2018
Commerce and Trade
Economic Development Incentive Payments FY2017 ($30,000,000) FY2018 ($30,000,000) GF

Page 80, line 23, strike "$99,284,360" and insert "$69,284,360".
Page 80, line 23, strike "$93,109,529" and insert "$63,109,529".

Page 84, strike lines 4 through 15.


(This amendment eliminates new funding included in the introduced budget to develop biotechnology spinoff companies. The budget does include $20.0 million from the general fund each year under higher education to support research in bioscience, biotechnology, cybersecurity, genomics, other technological or scientific projects to support the commercialization of these technologies.)