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Fourth Substitute S.B. 192
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7 LONG TITLE
8 General Description:
9 This bill appropriates monies for recruiting and for purchasing equipment and supplies
10 for a high technology economic development initiative.
11 Highlighted Provisions:
12 This bill:
13 . appropriates ongoing monies to recruit persons to conduct high technology research
14 and development and makes those appropriations nonlapsing;
15 . appropriates one-time monies to purchase equipment and supplies for high
16 technology research and development and makes those appropriations nonlapsing;
17 . appropriates one-time monies to provide for expenses related to the development,
18 planning, and implementation of the high technology research and development
19 initiative and makes those appropriations nonlapsing; and
20 . directs a review process for the monies appropriated under this bill.
21 Monies Appropriated in this Bill:
22 This bill appropriates:
23 . $3,000,000 one-time from the General Fund in fiscal year 2005 to purchase
24 equipment and supplies for high technology research and development at the
25 University of Utah;
26 . $350,000 one-time from the General Fund in fiscal year 2005 for expenses related
27 to the development, planning, and implementation of the high technology research
28 and development initiative;
29 . $1,600,000 ongoing from the General Fund beginning in fiscal year 2006 to Utah
30 State University for recruiting for high technology research and development; and
31 . $2,400,000 ongoing from the General Fund beginning in fiscal year 2006 to the
32 University of Utah for recruiting for high technology research and development.
33 Other Special Clauses:
34 None
35 Uncodified Material Affected:
36 ENACTS UNCODIFIED MATERIAL
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38 Be it enacted by the Legislature of the state of Utah:
39 Section 1. Fiscal year 2005 one-time appropriation.
40 (1) (a) There is appropriated $3,000,000 from the General Fund for fiscal year 2005
41 only, to the University of Utah for equipment and supplies to begin high technology research
42 and development.
43 (b) It is the intent of the Legislature that this appropriation is nonlapsing.
44 (2) (a) There is appropriated $350,000 from the General Fund for fiscal year 2005 only,
45 to the University of Utah for expenses related to the development, planning, and
46 implementation of the high technology research and development initiative.
47 (b) It is the intent of the Legislature that this appropriation is nonlapsing.
48 Section 2. Fiscal year 2006 ongoing appropriation.
49 (1) (a) There is appropriated $1,600,000 ongoing from the General Fund beginning in
50 fiscal year 2006 to Utah State University for recruiting to begin high technology research and
51 development.
52 (b) It is the intent of the Legislature that this appropriation is nonlapsing.
53 (2) (a) There is appropriated $2,400,000 ongoing from the General Fund beginning in
54 fiscal year 2006 to the University of Utah for recruiting to begin high technology research and
55 development.
56 (b) It is the intent of the Legislature that this appropriation is nonlapsing.
57 Section 3. Legislative intent.
58 (1) It is the intent of the Legislature that:
59 (a) Utah State University and University of Utah prepare a plan of proposed
60 disbursements of the amounts appropriated under this bill;
61 (b) before Utah State University or the University of Utah expend any amounts
62 appropriated in this bill, that each university report to the Legislature's interim Executive
63 Appropriation Committee regarding the purpose of each proposed disbursement;
64 (c) each of these universities consider the recommendation of the Executive
65 Appropriations Committee and any input provided by that committee in deciding whether or
66 not to make the proposed disbursement of fund, in what amount, and for what purpose.
67 (2) It is also the intent of the Legislature that:
68 (a) Utah State University and the University of Utah present a long range plan for high
69 technology development to the Executive Appropriations Committee before November 2005;
70 (b) these universities include within this plan:
71 (i) the incremental funding necessary to meet this plan;
72 (ii) identify any matching funds available;
73 (iii) the financial benefits to the State in partnering in this long range plan for high
74 technology development.
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