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2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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UVA - NGF Authority Reporting Language (language only)

Item 213 #5c

Item 213 #5c

Education: Higher Education
University of Virginia

Language
Page 165, after line 34, insert:
"O.  The University of Virginia shall report to the State Council of Higher Education for Virginia no later than May 1 of each year its tuition, fee, and all other nongeneral fund revenues, in a manner as prescribed by the State Council of Higher Education for Virginia.  The report shall include revenues from the current fiscal year and a projection of anticipated revenues for the next fiscal year."


Explanation
(This amendment establishes a reporting requirement for the University. Increases in the nongeneral fund appropriation for the institution included in the introduced budget reflect the nongeneral fund share of support needed to begin moving towards full funding of the base adequacy guidelines adopted by the Joint Subcommittee Studying Higher Education Funding Policies, to make progress on returning average faculty salaries to the 60th percentile of peer institutions nationally, and to provide funding needed to meet anticipated operating cost increases over the biennium.)