| 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.__ |
| 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 payments made pursuant to this section may not exceed |
| $120,000 in any fiscal year. |
