Virginia Innovation Partnership Authority [309]
Secretarial Area: Commerce and Trade
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.
more...
Biennium Fiscal Year Source GF NGF Total
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $26,100,000 $25,000,000 $51,100,000
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $41,550,000 $0 $41,550,000
2021-2024 2022 Chapter1, 2024 Acts of Assembly $47,786,623 $0 $47,786,623
2021-2024 2023 Chapter1, 2024 Acts of Assembly $42,395,623 $0 $42,395,623
2024-2026 2025 Chapter 2, 2024 Acts of Assembly, Special Session 1 $63,488,565 $0 $63,488,565
2024-2026 2025 Base Budget $42,395,623 $0 $42,395,623
2024-2026 2025 Governor's Amendments $100,090,462 $0 $100,090,462
2024-2026 2025 General Assembly Adjustments ($78,997,520) $0 ($78,997,520)
2024-2026 2026 Chapter 2, 2024 Acts of Assembly, Special Session 1 $111,536,839 $0 $111,536,839
2024-2026 2026 Base Budget $42,395,623 $0 $42,395,623
2024-2026 2026 Governor's Amendments $90,462 $0 $90,462
2024-2026 2026 General Assembly Adjustments $69,050,754 $0 $69,050,754
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 0.00 0.00 0.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 0.00 0.00
2021-2024 2022 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2024-2026 2025 Chapter 2, 2024 Acts of Assembly, Special Session 1 0.00 0.00 0.00
2024-2026 2025 Base Budget 0.00 0.00 0.00
2024-2026 2025 Governor's Amendments 0.00 0.00 0.00
2024-2026 2025 General Assembly Adjustments 0.00 0.00 0.00
2024-2026 2026 Chapter 2, 2024 Acts of Assembly, Special Session 1 0.00 0.00 0.00
2024-2026 2026 Base Budget 0.00 0.00 0.00
2024-2026 2026 Governor's Amendments 0.00 0.00 0.00
2024-2026 2026 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Adjust appropriation for centrally funded changes to agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes to information technology and telecommunications usage budgeted in Central Appropriations, Item 484 C. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $56,056 $56,056
•
Adjust appropriation for centrally funded information technology auditors and security officers Base Budget Adjustment
  Adjusts appropriation for information technology auditors and information security officers budgeted in Central Appropriations, Item 484 E. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $31,264 $31,264
•
Adjust appropriation for centrally funded property insurance premium charges Base Budget Adjustment
  Adjusts appropriation for property insurance premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 484 J. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $1,979 $1,979
•
Adjust appropriation for centrally funded changes to Performance Budgeting system charges Base Budget Adjustment
  Adjusts appropriation for changes to Performance Budgeting system internal service fund charges budgeted in Central Appropriations, Item 484 H. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $1,163 $1,163
•
Establish the Virginia Biotechnology, Life Sciences, and Pharmaceutical Manufacturing Network Decision Package
  Provides funding for the Virginia Biotechnology, Life Sciences, and Pharmaceutical Manufacturing Network, a partnership between the authority, the University of Virginia, Virginia Polytechnic Institute and State University, and Virginia Commonwealth University.
 
  FY FY
General Fund $100,000,000 $0
•
Virginia Life Science Research Initiative General Assembly Adjustment
  This amendment invests $90.1 million over the biennium from the general fund in four life sciences efforts in the Commonwealth.
 
  FY FY
General Fund ($78,997,520) $69,050,754
•
Add Language Limiting the Use of CIT Building Proceeds General Assembly Adjustment
  This amendment reinserts budget language that was eliminated in House Bill 30, as introduced that directs how the Virginia Innovation Partnership Authority can utilize the funds it received from the sale of the Center for Innovative Technology building.
•
Financial Reporting for All Centers of Excellence General Assembly Adjustment
  This amendment requires each Center of Excellence receiving pass-through funding from the Virginia Innovation Partnership Authority to submit annual financial information to the authority.
•
Remove Erroneous Language for a Previously Funded Initiative General Assembly Adjustment
  This amendment removes language associated with the one-time funding initiative at the Commonwealth Center for Advanced Manufacturing.


p3_bullets - Official Enacted Budget - 06-07-2025 07:53:10