Technology Fee VMI

Item 250 #4c

Language
Page 166, line 34, strike "$17,634,595" and insert "$17,728,955".
Page 166, line 34, strike "$18,059,692" and insert "$18,155,392".
Page 167, after line 18, insert:
"C.  This appropriation authorizes Virginia Military Institute to charge students a technology service fee in conformity with §4-2.01c. of this act.  This appropriation  includes $94,360 the first year and $95,700 the second year from nongeneral funds, the unexpended balance of which shall not revert to the general fund in any fiscal year but shall be carried forward on the books of the Department of Accounts and allotted for expenditure each July 1.  The fee charged resident undergraduate students each year shall not exceed one percent of the total of tuition and required fees charged in fiscal year 1998, and the amounts appropriated in this item reflect that policy.  The Department of Planning and Budget shall allot technology fee revenues in excess of the amounts appropriated in this item provided that the revenues are not generated by resident undergraduate students and provided that such revenues reflect a fee that does not exceed three percent of the total of tuition and required fees charged in fiscal year 1998 to nonresident undergraduate students and three percent of the total of tuition and required fees charged in fiscal year 1998 to graduate and professional students."

Explanation
(This amendment provides authority to Virginia Military Institute to charge students a technology fee.)