HB 2008-3_ Filed 04/09/2003, 16:41 Borst

SENATE MOTION


MR. PRESIDENT:

    I move
that Engrossed House Bill 2008 be amended to read as follows:

SOURCE: Page 5, line 38; (03)MO200834.5. -->     Page 5, between lines 38 and 39, begin a new paragraph and insert:
SOURCE: IC 4-4-5.1-3; (03)MO200834.2. -->     "SECTION 2. IC 4-4-5.1-3, AS ADDED BY P.L.190-1999, SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2003]: Sec. 3. (a) The Indiana twenty-first century research and technology fund is established to provide grants or loans to support proposals for economic development in one (1) or more of the following areas:
        (1) To increase the capacity of Indiana institutions of higher education, Indiana businesses, and Indiana nonprofit corporations and organizations to compete successfully for federal or private research and development funding.
        (2) To stimulate the transfer of research and technology into marketable products.
        (3) To assist with diversifying Indiana's economy by focusing investment in biomedical research and biotechnology, information technology, and other high technology industry clusters requiring high skill, high wage employees.
        (4) To encourage an environment of innovation and cooperation among universities and businesses to promote research activity.
    (b) The fund shall be administered by the budget agency. The fund consists of appropriations from the general assembly and gifts and grants to the fund. The budget agency shall review each recommendation. The budget agency, after review by the budget committee, may approve, deny, or modify grants and loans recommended by the board. Money in the fund may not be used to provide a recurring source of revenue for the normal operating expenditures of any project.
    (c) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested.
    (d) The money in the fund at the end of a state fiscal year does not revert to the state general fund but remains in the fund to be used exclusively for the purposes of this chapter.
     (e) Twenty million dollars ($20,000,000) is annually appropriated to the fund from the state general fund for the purposes of this chapter during each state fiscal year beginning after June 30, 2005, and ending before July 1, 2013.".
SOURCE: Page 6, line 41; (03)MO200834.6. -->     Page 6, between lines 41 and 42, begin a new paragraph and insert:
    " (e) Five million dollars ($5,000,000) is annually appropriated to the fund from the state general fund for the purposes of this chapter during each state fiscal year beginning after June 30, 2005, and ending before July 1, 2013.".
    Page 16, between lines 32 and 33, begin a new paragraph and insert:
    " (e) Five million dollars ($5,000,000) is annually appropriated to the fund from the state general fund for the purposes of this chapter during each state fiscal year beginning after June 30, 2005, and ending before July 1, 2013.".
    (Reference is to EHB 2008 as printed April 8, 2003.)

________________________________________

Senator BORST


MO200834/DI 44     2003