2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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JMU Base Adequacy

Item 186 #3c

Item 186 #3c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
James Madison University FY2005 $3,543,604 FY2006 $7,170,576 GF

Page 150, line 31, strike "$136,809,392" and insert "$140,352,996".
Page 150, line 31, strike "$138,108,694" and insert "$145,279,270".
Page 151, after line 12, and insert:
"C.  Out of this appropriation, $3,543,604 the first year and $7,170,576 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 and increased student enrollments. The corresponding nongeneral fund share is included as part of a separate amendment.)