1998 Session

Budget Amendments - HB30 (Committee Approved)

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Higher Education Funding Policy (language only)

Item 1 #12h

Item 1 #12h

Legislative Department
General Assembly of Virginia

Page 5, after line 55, insert:
"E.  Six members of the House Appropriations Committee and six members of the Senate Finance Committee shall be appointed to a joint subcommittee to review public higher education funding policies and to make recommendations to the respective committees prior to the 1999 Session of the General Assembly.  The objective of the review is to develop policies or formulae that will provide the public institutions of higher education with a fair and equitable funding methodology that rewards achievement and productivity, recognizes enrollment growth, and establishes objectives in such areas as faculty salaries, financial aid and the share of Educational and General costs that should be borne by resident students.  An analysis of the relationship of each public institution to its national peers shall be included in the review.  The appointments shall be made by the respective co-chairmen of the committees."

(This amendment is self-explanatory.)