Compendium of Budget Information for the 2012 General Session

Business, Economic Development, & Labor
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 four locations throughout Utah.

The USTAR research teams are expected to bring new funding to the state through federal and commercial contracts and grants. 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 63M-2 provides statutory authority for the USTAR Governing Authority. Chapter 2 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 and UCA 63B-19-101 authorized the issuance and sale of general obligation bonds for the construction of the BioInnovations Research Institute at Utah State University and the James L. Sorenson Molecular Biotechnology building at the University of Utah.

Funding Detail

In the 2009 General Session, $33,000,000 in American Recovery and Reinvestment Act (ARRA) funding was allocated to USTAR. This funding covered expenditures for FY 2010 and some of FY 2011. General Fund money is the other major source of funds for USTAR. During the 2009 General Sesssion, the Legislature approved USTAR's request to impose fees on certain companies receiving grant writing services through the USTAR Technology Outreach program's SBIR assistance center. These fees represent the dedicated credits revenue.

The nonlapsing balance at the end of FY 2008 does not match the beginning balance for FY 2009 due to a transfer of $47,426,200 to DFCM for buildings. Expenditures are largely personnel related within the USTAR Administration and Technology Outreach and the Pass Thru to the University of Utah and Utah State University.

Sources of Finance	2008 Actual	2009 Actual	2010 Actual	2011 Actual	2012 Approp
General Fund	$19,324,500	$16,397,800	$15,296,100	$14,501,300	$13,952,700
General Fund, One-time	$0	($1,947,700)	($5,072,900)	$0	$0
Federal Funds	$0	$0	$0	$1,654,200	$0
American Recovery and Reinvestment Act	$0	$0	$15,884,400	$15,461,400	$540,500
Dedicated Credits Revenue	$0	$6,300	$9,600	$4,800	$26,400
Beginning Nonlapsing	$58,328,300	$11,269,700	$12,165,000	$16,744,900	$12,966,000
Closing Nonlapsing	($58,695,800)	($12,165,000)	($16,744,900)	($21,702,000)	($1,777,800)
Total	$18,957,000	$13,561,100	$21,537,300	$26,664,600	$25,707,800

Line Items	2008 Actual	2009 Actual	2010 Actual	2011 Actual	2012 Approp
USTAR	$17,341,200	$13,561,100	$21,537,300	$26,664,600	$25,707,800
USTAR Capital Developments	$1,615,800	$0	$0	$0	$0
Total	$18,957,000	$13,561,100	$21,537,300	$26,664,600	$25,707,800

Categories of Expenditure	2008 Actual	2009 Actual	2010 Actual	2011 Actual	2012 Approp
Personnel Services	$1,546,600	$2,030,400	$1,587,800	$1,638,800	$1,824,400
In-state Travel	$35,300	$36,400	$22,100	$18,500	$24,000
Out-of-state Travel	$20,400	$22,500	$19,900	$15,800	$18,700
Current Expense	$15,491,400	$1,015,900	$769,400	$737,900	$810,500
DP Current Expense	$196,300	$152,400	$132,400	$71,800	$59,100
DP Capital Outlay	$51,200	$0	$0	$0	$0
Other Charges/Pass Thru	$301,700	$10,303,500	$19,005,700	$24,181,800	$22,971,100
Operating Transfers	$1,314,100	$0	$0	$0	$0
Total	$18,957,000	$13,561,100	$21,537,300	$26,664,600	$25,707,800

Other Indicators	2008 Actual	2009 Actual	2010 Actual	2011 Actual	2012 Approp
Budgeted FTE	13.0	26.8	26.0	26.0	26.0
Actual FTE	0.0	0.0	22.6	22.2	0.0

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