2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Governor Warner
Adjust the higher education tuition policy

Item 505 #2h

Item 505 #2h

First Year - FY2003 Second Year - FY2004
Central Appropriations
Central Appropriations FY2003 $4,396,378 FY2004 $24,392,876 GF

Page 359, line 40, strike "($43,100,000)" and insert "($38,703,622)".
Page 359, line 40, strike "($90,100,000)" and insert "($65,707,124)".
Page 359, line 44, strike "Pursuant to Item 131 (E) of House Bill No. 29".
Page 359, line 45, strike "(2002), each" and insert "Each".
Page 359, line 48, strike "expressed in a".
Page 359, strike line 49.
Page 359, line 51, strike "The plan shall include, but not be limited to, the".
Page 359, line 52, strike "following components:" and insert:
"and to the additional conditions specified in this item."
Page 359, after line 52, insert:
"2. Any increase in tuition and mandatory educational and general fees charged to in-state undergraduate students shall not exceed five percent (5%) of tuition and fees for these students for the prior year.
3. Communication of the policy for the first year of the biennium (fiscal year 2003) is specified in Item 131 (F) of House Bill No. 29 (2002).  The institution shall communicate its policy for the second year (fiscal year 2004) by April 15, 2003, to the Secretary of Education.
4.  The Director, Department of Planning and Budget, shall transfer general fund savings estimated at $38,703,622 the first year and $65,707,124 the second year from the educational and general program appropriations of the institutions of higher education to this item.  The amounts transferred from each institution shall be in accordance with a plan prepared by the Secretary of Education and approved by the Governor."
Page 359, strike line 53.
Page 360, strike lines 1 through 42.

(This amendment adjusts the higher education tuition policy to cap at five percent per year the amount institutions may raise tuition and reduces the amount that will be transferred to the general fund.)