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2017 Session

Budget Amendments - SB900 (Member Request)

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

Item C-50 #1s

Item C-50 #1s
Central Appropriations
Central Capital Outlay

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."

Explanation

(This language amendment was requested by the Commonwealth Center for Advanced Manufacturing (CCAM). The language changes previous stipulations to use $25.0 million in state bond proceeds related to receiving a matching federal grant that was going to be for the purpose of the creation of Regional Centers of Excellence. This amendment allows the bond proceeds to be used to support existing and future Regional Centers of Excellence and allows the Virginia Economic Development Partnership to certify with the allowance of in-kind contributions of land, equipment, software services, other contributions, and/or multiple grants instead of a matching federal grant.)

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