2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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VCCS - NGF Authority Reporting Language

Item 230 #3c

Item 230 #3c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Virginia Community College System FY2005 $13,781,119 FY2006 $24,557,071 NGF

Page 174, line 20, strike "$506,981,339" and insert "$520,762,458".
Page 174, line 20, strike "$517,392,172" and insert "$541,949,243".
Page 178, after line 26, insert:
"T. The Virginia Community College System 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."

(This amendment, in conjunction with the nongeneral fund appropriation included in the introduced budget, provides for 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.)