2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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CNU Base Adequacy

Item 168 #3c

Item 168 #3c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Christopher Newport University FY2005 $1,987,073 FY2006 $3,269,605 GF

Page 143, line 29, strike "$34,870,597" and insert "$36,857,670".
Page 143, line 29, strike "$35,707,092" and insert "$38,976,697".
Page 144, after line 5, insert:
"C.  Out of this appropriation, $1,987,073 the first year and $3,269,605 the second year from the general fund is provided to address base funding needs identified by the Joint Subcommittee Studying Higher Education Funding Policies and to mitigate the pressure on student tuition and fees.  These amounts reflect a portion of the additional general fund support needed to provide adequate base support of the institution's core academic function. These additional funds will allow the institution to serve more students, retain existing students more effectively, increase the number of students receiving a degree or certificate, and enhance the quality and rigor of its academic programs.  The Secretary of Education shall monitor the institution's efforts to meet these objectives and other statewide needs."

(This amendment provides additional general fund support to address base operating needs, increased student enrollments, and institution-specific funding needs. The corresponding nongeneral fund share is included as part of a separate amendment.)