Enactment of this legislation transfers $2,794,100 one-time, and $2,897,000 ongoing in FY 2020, from the General Fund to the Workforce Development Restricted Account. Enactment of this legislation will allow USTAR to liquidate funds from two escrow accounts related to research universities. The University of Utah could liquidate up to $4,135,900 in funds from their escrow account and Utah State University could liquidate up to $681,200 from their escrow account.

Enactment of this legislation appropriates $2,794,100 one-time, and $2,897,000 ongoing from the General Fund to the Workforce Services Restricted Account in FY 2020, ($2,375,000) one-time from the General Fund to USTAR''s Industry Partnership Program, ($2,125,000) one-time from the General Fund to USTAR''s Technology Acceleration Program in FY 2020, $1,705,900 one-time from the General Fund to the Governor''s Office of Economic Development - Pass Through in FY 2020, $385,600 ongoing from the General Fund to the Governor''s Office of Economic Development - Pass Through in FY 2020, $16,100 ongoing from Dedicated Credits Revenue to the Governor''s Office of Economic Development - Pass Through in FY 2020, ($736,400) ongoing General Fund from USTAR''s Regional Outreach Programs, ($2,160,600) ongoing General Fund from USTAR''s Incubation Programs, ($385,600) ongoing General Fund from USTAR''s Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) Assistance Centers, and ($16,100) ongoing Dedicated Credits Revenue from USTAR''s SBIR/STTR Assistance Centers. Enactment of this legislation could decrease expenditures by USTAR - Administration by $6,800 from the General Fund ongoing starting in FY 2020 resulting from dissolution of the USTAR Governing Authority.