2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

View Budget Item
View Budget Item amendments

UVA Base Adequacy

Item 213 #8c

Item 213 #8c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
University of Virginia FY2005 $3,843,157 FY2006 $7,547,085 GF

Page 162, line 8, strike "$362,362,301" and insert "$366,205,458".
Page 162, line 8, strike "$372,357,689" and insert "$379,904,774".
Page 165, after line 34, insert:
"O.1.  Out of this appropriation, $3,843,157 the first year and $7,547,085 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 attract and retain distinguished faculty clinicians associated with the School of Medicine and the University's related health professional programs."

(This amendment provides additional general fund support to address base operating needs, increased student enrollments and institution-specific needs. The corresponding nongeneral fund share is included in the budget, as introduced.)