2002 Session

Budget Amendments - HB30 (Committee Approved)

Higher Educ Reduct Recomm

Item 506.10 #2h

Item 506.10 #2h

First Year - FY2003 Second Year - FY2004
Central Appropriations
Central Appropriations FY2003 ($119,691,710) FY2004 ($166,674,469) GF

Page 362, after line 29, insert:
"A. To accomplish savings estimated at $119,691,710 the first year and $166,674,469 the second year, the Department of Planning and Budget is hereby authorized to reduce the general fund appropriation for public colleges and universities, as contained in Part I of this act.  The reductions by institution are as follows:
B. The reduction amount to Old Dominion University reflects a restoration of $650,000 in each year for reductions to the Teletechnet program.  Old Dominion University shall continue to provide Teletechnet programs to all community college sites."

(This amendment distributes the 2002-2004 budget reductions for institutions of higher education. Budget reductions were distributed consistent with the funding policy guidelines adopted by the Joint Subcommittee on Higher Education in November 2001.)