| 4. Transfers to fund. Notwithstanding section 1585 or any |
other provision of law, the State Budget Officer may transfer to |
the fund an amount not to exceed 0.8% of General Fund |
appropriations received by and general obligation bonds issued to |
an agency or entity for research and development efforts to the |
fund. The transfer and allotment of available funds may not |
exceed 0.8% of the total research and development appropriations. |
Private entities that receive funds from general obligation bonds |
for research and development efforts shall pay to the Treasurer |
of State in the fiscal year in which the general obligation bond |
was issued an amount not to exceed 0.8% of the proceeds from the |
bond issue in any fiscal year, which payment must be made from |
available resources other than bond proceeds. Only those |
programs that receive $500,000 or more in research and |
development appropriations in any fiscal year, or those entities |
that receive funds from a general obligation bond issue of |
$500,000 or more for research and development efforts in any |
fiscal year, as identified and certified by the State Budget |
Officer and the Office of Fiscal and Program Review, may be |
assessed upon concurrence of the affected agencies, institutions |
and departments. The transfer must be implemented by financial |
order contingent upon the recommendation of the State Budget |
Officer and approval of the Governor and upon review by the joint |
standing committee of the Legislature having jurisdiction over |
appropriations and financial affairs. The financial order must |
include a plan outlining how these funds will be expended. The |
financial order takes effect upon approval by the Governor. Total |
transfers payments made pursuant to this section may not exceed |
$120,000 in any fiscal year. |