Innovation and Entrepreneurship Investment Authority [934]
Secretarial Area: Commerce and Trade
formerly under: Technology
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2010-2012 2011 Chapter 2, 2012 Acts of Assembly $4,473,512 $0 $4,473,512
2010-2012 2012 Chapter 2, 2012 Acts of Assembly $4,973,750 $0 $4,973,750
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $5,926,877 $0 $5,926,877
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $8,282,500 $0 $8,282,500
2014-2016 2015 Chapter 732, 2016 Acts of Assembly $8,510,873 $0 $8,510,873
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $8,232,562 $0 $8,232,562
2016-2018 2017 Chapter 836, 2017 Acts of Assembly $11,113,668 $0 $11,113,668
2016-2018 2017 Previous Legislative Appropriation $11,538,090 $0 $11,538,090
2016-2018 2017 Governor's Amendments ($424,422) $0 ($424,422)
2016-2018 2017 General Assembly Adjustments $0 $0 $0
2016-2018 2018 Chapter 836, 2017 Acts of Assembly $11,187,740 $0 $11,187,740
2016-2018 2018 Previous Legislative Appropriation $11,438,097 $0 $11,438,097
2016-2018 2018 Governor's Amendments ($150,357) $0 ($150,357)
2016-2018 2018 General Assembly Adjustments ($100,000) $0 ($100,000)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2010-2012 2011 Chapter 2, 2012 Acts of Assembly 0.00 0.00 0.00
2010-2012 2012 Chapter 2, 2012 Acts of Assembly 0.00 0.00 0.00
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 0.00 0.00 0.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 0.00 0.00 0.00
2014-2016 2015 Chapter 732, 2016 Acts of Assembly 0.00 0.00 0.00
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 0.00 0.00 0.00
2016-2018 2017 Chapter 836, 2017 Acts of Assembly 0.00 0.00 0.00
2016-2018 2017 Previous Legislative Appropriation 0.00 0.00 0.00
2016-2018 2017 Governor's Amendments 0.00 0.00 0.00
2016-2018 2017 General Assembly Adjustments 0.00 0.00 0.00
2016-2018 2018 Chapter 836, 2017 Acts of Assembly 0.00 0.00 0.00
2016-2018 2018 Previous Legislative Appropriation 0.00 0.00 0.00
2016-2018 2018 Governor's Amendments 0.00 0.00 0.00
2016-2018 2018 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Reflect October 2016 Savings in agency budgets Decision Package
  Reflects the savings included in the Governor's October 2016 Savings Plan.
 
  FY FY
General Fund ($424,422) $0
•
Reduce operating base funding Decision Package
  Implements various management efficiencies to reduce administrative costs.
 
  FY FY
General Fund $0 ($150,357)
•
Clarify use of state funding on administrative and overhead costs Decision Package
  Adds language that clarifies the use of state funding intended for specific programs.
•
Modify Growth Accelerator Program (GAP) language Decision Package
  Changes language such that an investment ratio of 11:1 private to public investment ratio is used rather than requiring an 11:1 average rate of return.
•
Remove Cyber Security Commission funding to support House Bill 1815 Woodrum impact General Assembly Adjustment
  This amendment reduces the amount appropriated for the Cyber Security Commission by $100,000 from the general fund the second year. Included in this amount is the required $50,000 deposit in the Corrections Special Reserve Fund pursuant to House Bill 1815, which was a recommendation of the Cyber Security Commission. A companion amendment to Item 394 of this act deposits $50,000 in the Corrections Special Reserve Fund due to the indeterminate impact of House Bill 1815 on the utilization of state correctional bedspace.
 
  FY FY
General Fund $0 ($100,000)


p3_bullets - Official Enacted Budget - 06-08-2025 00:00:41