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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Ballard
VT - Smart Road

Item 223 #1h

Item 223 #1h

First Year - FY2023 Second Year - FY2024
Higher Education
Virginia Polytechnic Institute and State University FY2023 $3,000,000 FY2024 $3,500,000 GF

Language
Page 240, line 44, strike "$884,305,983" and insert "$887,305,983".
Page 240, line 44, strike "$885,488,983" and insert "$888,988,983".


Explanation

(This amendment requests additional funding for Virginia Tech to partner with local industries including Volvo Truck, Mack Truce, Torc Robotics (Daimler) and their suppliers to create a unique, world-class future truck research and development center in Southwest Virginia. This critical initiative will utlize a section of I-81, 460, and the Virginia Smart Road as a proving ground for automotive freight vehicles. State support will be leveraged to solidify the university's competitiveness in landing federal and industry support. This initiative was recently selected as a finalist for matching federal funding through the U.S. EDA Regional Challenge; state investment at this critical juncture will bolster the likelihood of winning this challenge, secure federal investment to Southwest Virginia, and attract high-tech companies to the region.)