CO - Change CCAM/Centers of Excellence Language - Previous Bond Authorization (language only)

Item C-50 #1s

Language

Page 506, line 38, after "Biennium" insert: "except for paragraph D.  

(Paragraph D with changes will be set out below.)

D. Upon certification from the Virginia Economic Development Partnership and the Commonwealth Center for Advanced Manufacturing that a one or more federal grants has have been awarded or contributions from other non-governmental sources, including but not limited to in-kind donations of land, equipment, software or services, have been received by the Commonwealth Center for Advanced Manufacturing for the Advanced Manufacturing Apprentice Academy Center and Regional Centers of Excellence, the Director, Department of Planning and Budget shall release no more than all or a portion of  $25 million from this Item to the Virginia Economic Development Partnership (VEDP) for the Commonwealth Center for Advanced Manufacturing to develop an Advanced Manufacturing Apprentice Academy Center as well as four to support existing and future Regional Centers of Excellence.  In-kind donations shall not exceed more than 40 percent of the total match that is required.".