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2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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UVA - Remove Governor's Base Operating Funds

Item 213 #4c

Item 213 #4c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
University of Virginia FY2005 ($2,726,300) FY2006 ($943,349) GF

Language
Page 162, line 8, strike "$362,362,301" and insert "$359,636,001".
Page 162, line 8, strike "$372,357,689" and insert "$371,414,340".
Page 165, strike lines 10 through 21.
Page 165, line 22, strike "N" and insert "M".


Explanation
(This amendment removes operating funds provided in the introduced budget for base operating costs and enrollment growth. These funds are redirected through a separate amendment as part of the General Assembly's initiative to begin closing the gap in the general fund share of base funding as identified in the guidelines adopted by the Joint Subcommittee Studying Higher Education Funding Policies. One-time seed money for research is also provided through a separate amendment.)