Title: WiSys Technology Foundation Grants
101/285 GPR Sum Suff 20.285 (1) (cd) N/A
36.25(52)(a) In this subsection, "foundation" means the WiSys Technology Foundation, Inc.
36.25(52)(b) From the appropriation under s. 20.285 (1) (cd), the board shall award grants to the foundation for the Wisconsin Small Company Advancement program to provide intellectual property management services to the extension and all institutions and college campuses other than the University of Wisconsin-Madison and the University of Wisconsin-Milwaukee and for the administrative costs of the program. The amount of each grant shall be $250,000. The foundation may use no more than $75,000 of the amount appropriated under s. 20.285 (1) (cd) for the administrative costs of the program. The board may not award a grant unless the foundation shows to the satisfaction of the board that the foundation has secured, after January 1, 2010, matching funds for the program from sources other than the state that are equal to the amount of the grant, except that the amounts used for administrative costs of the program are exempt from the matching requirement. In-kind contributions may be applied to meet the matching requirement.
36.25(52)(c) The board shall submit progress reports on the use of grants under par. (b) to the joint committee on finance and the chief clerk of each house of the legislature for distribution to the appropriate standing committees under s. 13.172 (3), at least annually until the program funded by the grants under par. (b) is terminated.
Institutions Which Have Budget Authority for This Appropriation:
All campuses other than UW-Madison and UW-Milwaukee
Allowable Major Classes of Expense/Revenue:
Salaries, fringe benefits, supplies & expense, capital, special purpose, and aid to individuals
Special Restrictions or Policies/Procedures:
- Position Control Policies
s. 16.505 (2m) applies, see Appendix A.
- Budget Control/Transfers/Overdrafts
See FAP - Budget Transfers (F5) for these limitations.
- Activity Code Limitations
All activities may be used for expenditure. See Activity Codes and Definitions for descriptions.
Year-End Instructions (lapse, carry forward, etc.):
Any unexpended or unencumbered current year budget dollars must be lapsed back to the state at the end of the fiscal year. There is no cash balance to carry forward. The new year budget is increased by encumbrances carried forward to the new year, budgeted and accounted for in appropriation 139. Refunds of prior year expenditure are added to this appropriation using the code of the original expenditure.
Special Instructions on Salaries/Fringe Benefits: