OFFICE OF SCIENCE, TECHNOLOGY & ACADEMIC RESEARCH

 

The enacted budget passed by the Legislature made the following changes to the Executive Budget (analysis as of March 30, 2006):

 

·     Appoints the current NYSTAR board as the interim board of the Foundation for Science, Technology and Innovation (Foundation) which was created last year.

·    Specifically states that the purpose of the Foundation’s Regional Partnership program is to promote regional economic assistance to certify partnerships that promote technology enhancement and innovation which will work in coordination with technology development organizations

·    Makes the Foundation’s Regional Partnerships eligible for grants and loans from the Urban Development Corporation’s (UDC) JOBS NOW and Economic development fund programs.

·    UDC is authorized to provide assistance to Regional Partnerships and industry clusters.

·    Requires an annual report on each program the Foundation administers and, in cooperation with UDC, the centers of excellence program.

·    NYSTAR appropriations are transferred to new Foundation and “where appropriate” made available to Regional Partnerships.

 

 

The Executive Budget recommends (analysis as of January 27, 2006):

 

 

 

 

 

Office of Science, Technology and Academic Research

Program Details-State Operations

 

Enacted

Proposed

Enacted

Change in

Percent

Program

2005-06 Budget

2006-07 Budget

2006-07 Budget

Appropriation

Change

All Funds

$3,325,000

$3,425,000

$3,425,000

$100,000

3.0%

General Fund

$2,825,000

$2,925,000

$2,925,000

$100,000

3.5%

Special Revenue-Other

$500,000

$500,000

$500,000

$0

0.0%

 

 

 

 

 

 

Administration

$3,325,000

$3,425,000

$3,425,000

$100,000

3.0%

Maintenance Undistributed

$2,825,000

$2,925,000

$2,925,000

$100,000

3.5%

Special Revenue Other

$500,000

$500,000

$500,000

$0

0.0%

 

 

 

 

 

 

STAR Acct (SRO)

$500,000

$500,000

$500,000

$0

0.0%