Language 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."
Explanation(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.)