2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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VIMS Base Adequacy

Item 180 #1c

Item 180 #1c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Virginia Institute of Marine Science FY2005 $660,544 FY2006 $660,544 GF

Page 147, line 30, strike "$17,727,904" and insert "$18,388,448".
Page 147, line 30, strike "$17,371,016" and insert "$18,031,560".
Page 148, after line 20, insert:
"E.  Out of this appropriation, $660,544 the first year and $660,544 the second year from the general fund is provided to address base funding needs and to mitigate the pressure on student tuition and fees.  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.)