Higher Education Research Initiative (989)
| Request Title | Adjust Support for Research Commercialization and Implement HB 1343 |
| Biennium | 2016-2018 |
| Budget Round | Initial Bill |
| Half Sheet Number | 255 #1c |
Description
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This amendment retains $22.0 million from the general fund over the biennium for the implementation of HB 1343 of the 2016 General Assembly including incentive packages for high performing researchers in relation to the commercialization of research. The amendment also references the process that will be used to allocate these funds as well as the bond proceeds that will be used to fund laboratory renovations and equipment. The Virginia Research Investment Fund and the Virginia Research Investment Committee (V-RIC) are created in House Bill 1343. |
Funding Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
| 110 | Financial Assistance For Educational And General Services | ($12,000,000) | ($6,000,000) | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 01000 | General Fund | ($12,000,000) | ($6,000,000) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 08-13-2025 08:46:57
