1999 Session

Budget Amendments - HB1450 (Committee Approved)

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Share of Cost

Item 550 #5h

Item 550 #5h

First Year - FY1999 Second Year - FY2000
Central Appropriations
Central Appropriations FY1999 $0 FY2000 $3,253,916 GF
FY1999 $0 FY2000 ($3,253,916) NGF

Page 436, line 33, strike "C." and insert "D."
Page 436, after line 42, insert:
"E.  Each of the Educational and General appropriations of the following public institutions of higher education shall be increased by amounts from the general fund in the second year as follows:  George Mason University, $551,310; Virginia Polytechnic Institute and State University, $1,928,740; Longwood College, $568,446; and, Mary Washington College, $205,420.  The nongeneral fund appropriations of these institutions shall be reduced by like amounts to reflect further tuition reductions for in-state undergraduates.  These adjustments bring the in-state undergraduate share of cost to 27 percent for the four institutions."

(This amendment provides sufficient general funds to reduce the in-state undergraduate share of the cost of education to 27 percent at George Mason University, Virginia Tech, and Longwood and Mary Washington Colleges. The share of cost at all other four-year institutions currently is equal to or less than 27 percent. Tuition reductions for in-state undergraduates at these institutions would range from 21 to 27 percent. Tuition at all other institutions would decrease 20 percent, as proposed by the Governor. This amendment is a recommendation of a joint subcommittee on higher education funding policies. The amendment begins a phased approach to a share-of-cost policy under which in-state community college students would pay no more than 20 percent of their cost of education, and all other in-state undergraduate students would pay no more than 25 percent. The joint subcommittee was established in the act in 1998, and is composed of four members each from the House Appropriations and Senate Finance Committees.)