2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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CWM Base Adequacy

Item 172 #4c

Item 172 #4c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
The College of William and Mary in Virginia FY2005 $1,336,583 FY2006 $2,096,289 GF

Page 144, line 35, strike "$100,624,631" and insert "$101,961,214".
Page 144, line 35, strike "$100,285,985" and insert "$102,382,274".
Page 145, after line 34, insert:
"E.  Out of this appropriation, $1,336,583 the first year and $2,096,289 the second year from the general fund is provided from the general fund 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 and increased student enrollments. The corresponding nongeneral fund share is included as part of a separate amendment.)