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State Budget

2023 Session

Budget Amendments - HB1400 (Committee Approved)

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High Performance Data Facility at Jefferson Lab

Item C-81.50 #1h

Item C-81.50 #1h

 First Year - FY2023 Second Year - FY2024
Central Appropriations
Central Capital Outlay FY2023 ($43,305,379) FY2024 $0 GF

Language
Page 634, line 6, strike "$43,305,379" and insert "$0".

Page 634, strike lines 8 through 16, and insert:

"After the Governor has certified that the U.S. Department of Energy has approved a project to establish a high performance data facility at the Thomas Jefferson National Accelerator Facility (Jefferson Lab), the Director, Department of Planning and Budget, shall approve a short-term, interest-free treasury loan in the amount of $43,305,379 to the Southeastern Universities Research Association Doing Business for Jefferson Science Associates, LLC., to construct the infrastructure and a building in support of said high performance data facility. The Secretary of Finance shall issue guidelines on regular reporting required for the use of these funds if the contingency is met."

Explanation

(This amendment supplants general fund appropriation in the second year with authority for the Department of Planning and Budget to issue short-term, interest-free, treasury loan authorization. As was also required by the original language, the issuance of treasury loans for the construction of a high performance data facility is contingent upon certification that the U.S. Department of Energy has approved the project. Repayment of the treasury loan will be determined by the Governor and General Assembly at a future date when/if the loan issuance is undertaken.)

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