2016 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Dance
HERI - Matching Funds for UVA and VT with Rolls-Royce

Item 255 #2s

Item 255 #2s

First Year - FY2017 Second Year - FY2018
Higher Education Research Initiative FY2017 $1,000,000 FY2018 $1,000,000 GF

Page 202, line 13, strike "$20,000,000" and insert "$21,000,000".
Page 202, line 13, strike "$20,000,000" and insert "$21,000,000".

Page 203, after line 12, insert:

"D.  Out of this appropriation, $1,000,000 the first year and $1,000,000  the second year from the general fund shall be designated for the University Technology Centers at the University of Virginia and Virginia Tech  as matching funds to a private investment from Rolls Royce, N. A.  Upon institutional receipt of a matching award from Rolls Royce, N.A., the Director of the Department of Planning and Budget shall transfer the general fund allocation to the eligible institution.".


(This amendment would provide $1.0 million GF in each year of the biennium as matching funds for the University of Virginia and Virginia Tech with Rolls Royce. Rolls Royce will be contributing $2.0 million toward collaborative research with the Technology Centers at these institutions.)