78280.
Contingent upon the enactment of an appropriation from the General Fund in the annual Budget Act or in another statute, the chancellor shall allocate an amount, not to exceed five hundred thousand dollars ($500,000), that is equal to the amount of private contributions that Antelope Valley College has received for the Aerospace Institute, for allocation to Antelope Valley College for support of the Aerospace Institute, if he or she determines that both of the following have occurred:(a) An Aerospace Institute has been formally established by, and to be located at, Antelope Valley College.
(b) Antelope Valley College has received private contributions for support of the Aerospace Institute in an amount that, when combined with state matching funds, is sufficient to fund the operation of the Aerospace Institute for at least one academic year.