Item 475.10 (Not set out) | First Year - FY2019 | Second Year - FY2020 |
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Financial Assistance For Educational and General Services (11000) | $0 | $4,000,000 |
Sponsored Programs (11004) | FY2019 $0 | FY2020 $4,000,000 |
Fund Sources: | | |
General | FY2019 $0 | FY2020 $4,000,000 |
A. 1. Out of this appropriation, $4,000,000 the second year from the general fund is provided as the Commonwealth's initial investment in the Hampton Roads Biomedical Research Consortium subject to meeting the conditions of paragraph B.
2. Out of the amounts authorized in item C-48.10, $10,000,000 the second year shall be made available for lab renovations and enhancements and / or research equipment for the Hampton Roads Biomedical Research Consortium for the University of Virginia, Old Dominion University, and Eastern Virginia Medical School subject to meeting the conditions in paragraph B.
B. The conditions required in order to receive an allocation from this item are:
1. The University of Virginia shall convene a workgroup comprised of Old Dominion University, Eastern Virginia Medical School, the Hampton Roads Community Foundation, and a private or non-profit hospital for the expressed purpose of developing a plan for the Hampton Roads Biomedical Research Consortium.
2. The plan shall identify areas of research relevant to the region taking into account the region's biomedical public and private assets, conduct a health risk assessment of the region's population and identify cost sharing strategies between and among the partnering institutions and entities to include matching requirements.
3. The workgroup shall submit the report by December 1, 2019 to the Chairmen of the House Appropriations and Senate Finance Committees and the Governor.
4. After adoption of the report by the General Assembly, the funding provided in paragraph A.1. shall be released to the University of Virginia to support the operations of the Hampton Roads Biomedical Research Consortium. Out of the amounts provided in paragraph A.1., the University of Virginia may use up to $250,000 for the costs of a consultant to assist with the development of the plan for the Hampton Roads Biomedical Research Consortium.