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2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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VCU - Remove Governor's Base Operating Funds

Item 225 #5c

Item 225 #5c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Virginia Commonwealth University FY2005 ($3,682,575) FY2006 ($1,956,251) GF

Language
Page 168, line 43, strike "$316,689,832" and insert "$313,007,257".
Page 168, line 43, strike "$328,929,473" and insert "$326,973,222".
Page 172, strike lines 41 through 52.
Page 172, line 53, strike "P" and insert "O".


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.)