2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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ODU Base Adequacy

Item 204 #5c

Item 204 #5c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Old Dominion University FY2005 $7,073,235 FY2006 $10,973,002 GF

Page 157, line 26, strike "$145,939,158" and insert "$153,012,393".
Page 157, line 26, strike "$149,163,120" and insert "$160,136,122".
Page 159, after line 20, insert:
"K.1. Out of this appropriation, $7,073,235 the first year and $10,973,002 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.
2. Out of this appropriation, the University may allocate funds to expand enrollment capacity through expansion of distance learning, Teletechnet and summer school."

(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.)