Virginia Innovation Partnership Authority (309)
| Request Title | Adjust funding for the new Virginia Innovation Partnership Authority |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Half Sheet Number | 135 #1c |
Description
|
This amendment creates the Virginia Innovation Partnership Authority to serve as a consolidated entity for innovation and new technology-based economic development in the Commonwealth pursuant to House Bill 1017 and Senate Bill 576. Funding includes proceeds from the sale of the CIT building, including $10.0 million from the nongeneral fund allocated to the Commonwealth Commercialization Fund and $10.0 million from the nongeneral fund allocated to the Commonwealth Cyber Initiative. |
Funding Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
| 534 | Economic Development Services | ($11,225,000) | ($2,425,000) | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | ($11,225,000) | ($2,425,000) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 01-28-2026 14:12:08
