House Amendment 8522 PAG LIN 1 1 Amend the amendment, H=8510, to House File 2770 as 1 2 follows: 1 3 #1. Page 1, by striking lines 4 through 36. 1 4 #2. Page 3, by striking line 30 and inserting the 1 5 following: <board. 1 6 Sec. . NEW SECTION. 262B.23 ENDOWED CHAIRS 1 7 AND SALARIES. 1 8 1. The state board of regents may use for salaries 1 9 and may create endowed chair positions at each of the 1 10 regents universities using, in part, moneys 1 11 appropriated to the state board of regents for 1 12 purposes of implementing recommendations provided in 1 13 separate consultant reports on bioscience, advanced 1 14 manufacturing, and information technology submitted to 1 15 the department of economic development in the calendar 1 16 years 2004 and 2005. Such moneys may only be used to 1 17 partially fund an endowed chair position if 1 18 significant private contributions and contributions 1 19 from governmental entities other than the state and 1 20 political subdivisions of the state are used to fund 1 21 the position. Not more than fifty percent of the cost 1 22 of funding an endowed chair position shall be paid 1 23 with such moneys. The endowed chair positions shall 1 24 be used to attract scholars recruited nationally and 1 25 internationally who can bring with them related start= 1 26 up business ventures or a concept for near=term 1 27 commercialization.>> 1 28 #3. By renumbering as necessary. 1 29 1 30 1 31 1 32 RAECKER of Polk 1 33 HF 2770.506 81 1 34 tm/je/3958 1 35 1 36 1 37 1 38 1 39 1 40 1 41 1 42 1 43 1 44 1 45 1 46 1 47 1 48 1 49 1 50 -1-