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2022 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Suetterlein
Virginia Tech Corporate Research Center - Roanoke Biotech Project

Item 223 #4s

Item 223 #4s

First Year - FY2023 Second Year - FY2024
Education
Virginia Polytechnic Institute and State University FY2023 $2,283,750 FY2024 $0 GF

Language
Page 240, line 44, strike "$884,305,983" and insert "$886,589,733".

Page 242, after line 30, insert:

"K. Out of this appropriation, $2,283,750 the first year from the general fund is designated for the Virginia Tech Corporate Research Center to support the Roanoke Biotech Project, a biotech ecosystem in the Roanoke Valley. The Virginia Tech Corporate Research Center shall purchase equipment needed for the project, which will be based out of the Center."



Explanation

(This amendment provides $2.3 million GF the first year to support the equipment needs of the proposed Roanoke Biotech Project. This proposal represents a partnership between the Virginia Tech Corporate Research Center, Virginia Western Community College, the City of Roanoke, the Roanoke Blacksburg Technology Council, and other key entities in the region. This amendment has corresponding capital and one-time funding amendments.)