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1999 Session

Budget Amendments - HB1450 (Member Request)

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Chief Patron: Hall
VCU Replace NGF with GF

Item 189 #6h

Item 189 #6h

First Year - FY1999 Second Year - FY2000
Education: Higher Education
Virginia Commonwealth University, Academic Division FY1999 $0 FY2000 $2,803,142 GF

Language
Page 176, line 34, strike "$254,713,966" and insert "$257,517,108".


Explanation
(This amendment provides $2,803,142 from the general fund in the second year to replace nongeneral fund revenue intended to support faculty salaries, Year 2000 compliance, and operation and maintenance of new University facilities. Tuition and fee revenues are not sufficient to cover these requirements due to changes in student mix, the need to support enrollment growth, and the impact of additional nonresident tuition increases.)