Compendium of Budget Information for the 2009 General Session

Economic Development and Revenue
Appropriations Subcommittee

Function

In March 2006, the Utah State Legislature created the Utah Science, Technology, and Research (USTAR) economic development initiative. The Initiative has three major components: recruiting and hiring top-notch research teams, construction of research buildings at the University of Utah and Utah State University, and operation of a technology outreach program at 5 locations throughout Utah

The USTAR research teams are expected to bring new funding to the state through federal and commercial contracts and grant. Ultimately, USTAR should generate more technology-based start-up firms and higher-paying job opportunities in Utah through the commercialization of USTAR technologies.

Statutory Authority

UCA 63-38g provides statutory authority for the USTAR Governing Authority. Chapter 38g establishes the Governing Authority and an advisory board, defines the scope of the USTAR initiative, and specifies how revenues created by USTAR teams and technologies are to be distributed.

UCA 63B-15-101 authorizes the issuance and sale of general obligation bonds for the construction of the Bio Innovations Research Institute at Utah State University and the Neuroscience and Biomedical Technology Research Building at the University of Utah.

Funding Detail

Sources of Finance	2005 Actual	2006 Actual	2007 Actual	2008 Actual	2009 Approp
General Fund	$0	$0	$19,250,000	$19,324,500	$18,828,600
General Fund, One-time	$0	$0	$50,000,000	$0	($2,300,000)
Beginning Nonlapsing	$0	$0	$0	$58,328,300	$58,695,800
Closing Nonlapsing	$0	$0	($58,328,300)	($58,695,800)	($6,011,100)
Total	$0	$0	$10,921,700	$18,957,000	$69,213,300

Line Items	2005 Actual	2006 Actual	2007 Actual	2008 Actual	2009 Approp
USTAR	$0	$0	$9,963,700	$17,341,200	$22,213,300
USTAR Capital Developments	$0	$0	$958,000	$1,615,800	$47,000,000
Total	$0	$0	$10,921,700	$18,957,000	$69,213,300

Categories of Expenditure	2005 Actual	2006 Actual	2007 Actual	2008 Actual	2009 Approp
Personal Services	$0	$0	$485,300	$1,546,600	$2,169,800
In-State Travel	$0	$0	$8,900	$35,300	$89,300
Out of State Travel	$0	$0	$5,400	$20,400	$26,000
Current Expense	$0	$0	$9,440,600	$15,491,400	$19,470,700
DP Current Expense	$0	$0	$23,500	$196,300	$457,500
DP Capital Outlay	$0	$0	$0	$51,200	$0
Other Charges/Pass Thru	$0	$0	$25,200	$301,700	$0
Operating Transfers	$0	$0	$932,800	$1,314,100	$47,000,000
Total	$0	$0	$10,921,700	$18,957,000	$69,213,300

Other Indicators	2005 Actual	2006 Actual	2007 Actual	2008 Actual	2009 Approp
Budgeted FTE	0.0	0.0	2.0	13.0	29.0

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