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2014 Special Session I

Budget Bill - HB5002 (Substitute)

Southeastern Universities Research Association Doing Business for Jefferson Science Associates, LLC

Item 250

Item 250

First Year - FY2015Second Year - FY2016
Financial Assistance for Educational and General Services (11000)$2,850,005$4,050,005
Sponsored Programs (11004)FY2015 $2,850,005FY2016 $4,050,005
Fund Sources:  
GeneralFY2015 $2,850,005FY2016 $4,050,005

Authority: Discretionary Inclusion.


A. This appropriation represents the Commonwealth of Virginia's contribution to the Southeastern Universities Research Association Doing Business for Jefferson Science Associates, LLC, for the support of the Thomas Jefferson National Accelerator Facility (Jefferson Lab) located at Newport News, Virginia. This contribution includes funds to support faculty positions and industry-led research that will promote economic development opportunities in the Commonwealth.


B. Out of this appropriation, $1,700,000 the first year and $2,900,000 the second year from the general fund is designated for site studies and expertise recruitment to meet minimum requirements for submitting a competitive bid to the United States Department of Energy for its electron ion collider project.


C. This nonstate agency is exempt from the match requirement of § 2.2-1505, Code of Virginia and § 4-5.05 of this act.