FY 2016 Appropriation

In the fall of 2014, the Governing Authority (GA) created a unique mission statement and goals for USTAR.

USTAR Vision: Utah will lead the nation as the best performing economy and be recognized as a premier global destination.

USTAR Mission: Create a technology ecosystem that enables ideas to seed, grow and thrive.

USTAR's diverse portfolio of investments will:

  • recruit and retain top researchers to the State's research universities
  • support tech entrepreneurs through training, funding, incubator and accelerator programs
  • broker technology transfer by connecting capital, management and industry.

  • Funding History

    Related Publications

    Appropriation Overview

    During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $22,258,100 from all sources for USTAR. This is a 9.7 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $22,100,800 from the General/Education Funds, an increase of 0.3 percent from revised Fiscal Year 2015 estimates.

    Appropriation Adjustments

    In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

    DescriptionOngoingOne-Time
    Statute

    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 USTAR BioInnovations Center at Utah State University and the James L. Sorenson Molecular Biotechnology building at the University of Utah.

    Intent Language

    HB0003: Item 62

    Under Section 63J-1-603 of the Utah Code, the Legislature intends that up to $3,500,000 of any remaining amount of the $11,111,300 ongoing General Fund appropriation provided by Item 18, Chapter 10, Laws of Utah 2014 for Utah Science Technology and Research Governing Authority - University of Utah Research Teams shall not lapse at the close of Fiscal Year 2015. Appropriation and Non-lapsing funds may be used, if approved by the USTAR Governing Authority, to transfer the financial obligation of researcher startup funds to the Research University. The Research University shall account on the use of these funds annually and by request of the USTAR Governing Authority.


    HB0003: Item 62

    Under Section 63J-1-603 of the Utah Code, the Legislature intends that up to $2,500,000 of any remaining amount of the $7,407,600 ongoing General Fund appropriation provided by Item 19, Chapter 10, Laws of Utah 2014 for Utah Science Technology and Research Governing Authority - Utah State University Research Teams shall not lapse at the close of Fiscal Year 2015. Appropriation and Non-lapsing funds may be used, if approved by the USTAR Governing Authority, to transfer the financial obligation of researcher startup funds to the Research University. The Research University shall account on the use of these funds annually and by request of the USTAR Governing Authority.


    HB0003: Item 63

    Under Section 63J-1-603 of the Utah Code, the Legislature intends that up to $332,000 of any remaining amount of the $2,802,700 ongoing General Fund appropriation provided by Item 20, Chapter 10, Laws of Utah 2014 for Utah Science Technology and Research Governing Authority Technology Outreach and Innovation shall not lapse at the close of Fiscal Year 2015. These funds will be used for Go-to-market program and program impact survey.


    HB0003: Item 64

    Under Section 63J-1-603 of the Utah Code, the Legislature intends that up to $350,000 of any remaining amount of the $711,200 ongoing General Fund appropriation provided by Item 21, Chapter 10, Laws of Utah 2014 for Utah Science Technology and Research Governing Authority USTAR Administration shall not lapse at the close of Fiscal Year 2015. These funds will be used for a program assessment, audit and website.


    General Fund money is the major source of funds for USTAR. In the 2009 General Session, $33,000,000 in American Recovery and Reinvestment Act (ARRA) funding was allocated to USTAR with S.B 240, "Utah Science Technology and Research Initiative Amendments". This funding covered expenditures for FY 2010 and stretched through to FY 2013.

    During the 2009 General Session, the Legislature approved USTAR's request to impose fees on certain companies receiving grant writing services through the USTAR Technology Outreach program's Small Business Innovation Research (SBIR) assistance center. These fees represent the dedicated credits revenue.

    Expenditures are largely personnel related within the USTAR Administration and Technology Outreach and the Pass-through to the University of Utah and Utah State University for research teams.

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    COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.