2004 Special Session I

Budget Amendments - HB5001 (Committee Approved)

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VCCS - Dateline 2009 (language only)

Item 230 #1h

Item 230 #1h

Education: Higher Education
Virginia Community College System

Page 178, after line 26, insert:
"T.  The VCCS is authorized to generate and retain tuition and fees in excess of those provided in § 4-2.01 b herein in order to support the achievement of Dateline 2009, the strategic plan approved by the State Board for Community Colleges.  These funds, in addition to the VCCS Technology Fee, shall not revert to the surplus of the general fund at the end of the fiscal year and/or biennium, and shall be available for expenditure no later than October 1 of each subsequent fiscal year.  These funds shall be used in the calculation of base budget adequacy needs in the same manner as other tuition and fees collected by four-year institutions."

(This amendment would allow the Virginia Community College System to retain any unspent nongeneral fund revenue from tuition and fees and requires that the funds be made available for expenditure by October 1 of the following fiscal year.)