1999 Session

Budget Amendments - HB1450 (Committee Approved)

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GF Offset Revisions

Item 550 #6h

Item 550 #6h

First Year - FY1999 Second Year - FY2000
Central Appropriations
Central Appropriations FY1999 $0 FY2000 ($1,278,748) GF
FY1999 $0 FY2000 $1,278,748 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 reduced by amounts from the general fund the second year as follows:  University of Virginia, $944,111; Clinch Valley College, $63,250; James Madison University, $211,187; and Radford University, $60,200.  The nongeneral fund appropriations of these institutions shall be increased by like amounts to reflect increases in tuition and fee revenues."

(This amendment reduces amounts proposed in the budget, as introduced, as general fund offsets to compensate the University of Virginia, Clinch Valley College, James Madison University and Radford University for uncollectible tuition and fee revenues in the second year. The budget adopted in the 1998 Session of the General Assembly assumed that tuition and fee revenues from enrollment growth and from graduate and nonresident students would finance part of the costs of such initiatives as faculty salary increases. In their budget requests for the 1999 Session, several institutions indicated that, for a variety of reasons, they could not collect the required tuition and fee revenues. The budget, as introduced, provided general funds to some institutions to replace the uncollectible tuition and fee revenues. The reduction of $1,278,748 in this amendment reflects recalculations using most recent data, and the recalculations show that Clinch Valley, James Madison and Radford will be able to collect the tuition and fee revenue required in the 1998 Session, and that the University of Virginia will be able to collect all but $1,171,430. The recalculations follow the same methodology used to determine the general fund offsets in the budget, as introduced.)