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
2022-2024 2023 Chapter1, 2024 Acts of Assembly $47,786,623 $0 $47,786,623
2022-2024 2024 Chapter1, 2024 Acts of Assembly $42,395,623 $0 $42,395,623
2024-2026 2025 Chapter 7, 2026 Acts of Assembly $132,539,319 $0 $132,539,319
2024-2026 2026 Chapter 7, 2026 Acts of Assembly $42,486,085 $16,000,000 $58,486,085
2026-2028 2027 Chapter 1. 2026 Acts of Assembly, Special Session I $53,911,965 $0 $53,911,965
2026-2028 2027 Base Budget $42,486,085 $0 $42,486,085
2026-2028 2027 Governor's Amendments $34,300,880 $0 $34,300,880
2026-2028 2027 General Assembly Adjustments ($22,875,000) $0 ($22,875,000)
2026-2028 2028 Chapter 1. 2026 Acts of Assembly, Special Session I $41,786,965 $0 $41,786,965
2026-2028 2028 Base Budget $42,486,085 $0 $42,486,085
2026-2028 2028 Governor's Amendments ($699,120) $0 ($699,120)
2026-2028 2028 General Assembly Adjustments $0 $0 $0
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
2022-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2022-2024 2024 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2024-2026 2025 Chapter 7, 2026 Acts of Assembly 0.00 0.00 0.00
2024-2026 2026 Chapter 7, 2026 Acts of Assembly 0.00 0.00 0.00
2026-2028 2027 Chapter 1. 2026 Acts of Assembly, Special Session I 0.00 0.00 0.00
2026-2028 2027 Base Budget 0.00 0.00 0.00
2026-2028 2027 Governor's Amendments 0.00 0.00 0.00
2026-2028 2027 General Assembly Adjustments 0.00 0.00 0.00
2026-2028 2028 Chapter 1. 2026 Acts of Assembly, Special Session I 0.00 0.00 0.00
2026-2028 2028 Base Budget 0.00 0.00 0.00
2026-2028 2028 Governor's Amendments 0.00 0.00 0.00
2026-2028 2028 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
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 470 M. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund $687 $687
•
Adjust appropriation for centrally funded liability insurance premium charges Base Budget Adjustment
  Adjusts appropriation for liability insurance premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 470 J. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund $399 $399
•
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 470 C. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund ($242) ($242)
•
Adjust appropriation for centrally funded changes to Cardinal Financials System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 470 E. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund $50 $50
•
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 470 G. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund ($14) ($14)
•
Provide additional bioscience funding Decision Package
  Appropriates $35.0 million from the general fund for phase two development at the University of Virginia's Institute for Biotechnology.
 
  FY FY
General Fund $35,000,000 $0
•
Reduce appropriation related to interest earnings Decision Package
  Captures savings based on approximate yearly interest earnings of the Authority.
 
  FY FY
General Fund ($700,000) ($700,000)
•
Coordinate artificial intelligence development among institutions of higher education Decision Package
  Authorizes the Authority to utilize existing appropriation to develop the Virginia Artificial Intelligence Institute and a statewide innovation ecosystem to coordinate artificial intelligence activities in collaboration with institutions of higher education and public-private stakeholders.
•
Virginia Institute for Biotechnology (115 #1c) General Assembly Adjustment
  This amendment provides $3.0 million GF for the continued development of the Virginia Institute for Biotechnology in Charlottesville, Virginia, bringing total general fund support for the effort to $85.5 million.
 
  FY FY
General Fund ($32,000,000) $0
•
Virginia Tech Patient Research Center (115 #2c) General Assembly Adjustment
  This amendment provides $6.0 million in fiscal year 2027 from the general fund to support Virginia Tech's Patient Research Center, bringing total general fund support to $32.5 million.
 
  FY FY
General Fund $6,000,000 $0
•
VCU Medicines for All Institute (115 #3c) General Assembly Adjustment
  This amendment provides $3.0 million in fiscal year 2027 from the general fund for Virginia Commonwealth University's Medicines for All Institute, bringing total general fund support to $16.0 million.
 
  FY FY
General Fund $3,000,000 $0
•
Virginia Academy of Engineering, Science, and Medicine Support (115 #4c) General Assembly Adjustment
  This amendment provides additional funding for the Virginia Academy of Engineering, Science, and Medicine to expand the Commonwealth of Virginia Engineering and Science Fellowship program and to produce scientific briefs.
 
  FY FY
General Fund $125,000 $0
•
Artificial Intelligence Institute (115 #5c) General Assembly Adjustment
  This amendment removes the authorization of the Authority to coordinate artificial intelligence development among institutions of higher education.


p3_bullets - Official Enacted Budget - 10-23-2026 18:17:20