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2016 Session

Budget Amendments - SB30 (Floor Approved)

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JLAB - Fund from Economic Development and Language

Item 254 #1s

Item 254 #1s

First Year - FY2017 Second Year - FY2018
Education: Higher Education
Southeastern Universities Research Association Doing Business for Jefferson Science Associates, LLC FY2017 ($1,400,000) FY2018 ($1,000,000) GF

Language
Page 201, line 38, strike "$2,742,566" and insert "$1,342,566".
Page 201, line 38, strike "$2,342,568" and insert "$1,342,568".

Page 202, line 1, after "B" insert "1.".

Page 202, line 2, after "expertise" strike the remainder of the line and insert "."

Page 202, after line 2, insert:

"2.  An amount of $1.4 million in the first year and $1.0 million in the second year from the general fund is designated for research and development associated with submitting a strong bid to the United States Department of Energy related to the electron ion collider project from amounts appropriated under Item 106.A.1 of this act.

3.  Any liability owed the Commonwealth, including any assessment resulting from an audit initiated prior to July 1, 2016 that involves a review of the use of the sales and use tax exemption provided for in subdivision 5 of § 58.1-609.3, shall be satisfied before such funds are provided.".

Page 202, strike lines 3-5.



Explanation

(This amendment directs that the $2.4 million GF over the biennium provided for research and development associated with submitting a strong bid to the U.S. Department of Energy, related to the electron ion collider project, be funded from the Commonwealth's Development Opportunity Fund. Language also requires that any liability owed the Commonwealth is satisfied before such funding is provided.)